Here are you 2 ugly charts
1) BTCUSD LONG: https://www.tradingview.com/x/5xuoQWyY/
2) BTCUSD SHORT: https://www.tradingview.com/x/iHI2evxI/
Longs are dropping significantly, while number of shorts is growing?
What does this mean? Looks like whole market is turning bearish and it could be trap. Why?
If the majority is short, who will dump the market? That's why we need more FUD for drop to continue because without FUD reversal will happen for sure!
Other approach is that BTC longs are breaking rising wedge, so we may see further decrease in BTC longs. It means 5k area could be revisited! Will spend this evening checking these charts, this could help a lot in finding potential next move!
1) BTCUSD LONG: https://www.tradingview.com/x/5xuoQWyY/
2) BTCUSD SHORT: https://www.tradingview.com/x/iHI2evxI/
Longs are dropping significantly, while number of shorts is growing?
What does this mean? Looks like whole market is turning bearish and it could be trap. Why?
If the majority is short, who will dump the market? That's why we need more FUD for drop to continue because without FUD reversal will happen for sure!
Other approach is that BTC longs are breaking rising wedge, so we may see further decrease in BTC longs. It means 5k area could be revisited! Will spend this evening checking these charts, this could help a lot in finding potential next move!
The number of shorts obviously was too high! When the majority is short it is hard to expect further drops!
Now, we are looking for pullback and long entry!
This is our entry zone: https://www.tradingview.com/x/9YX3Y65y/
I will update this chart in few hours with detail analysis!
Now, we are looking for pullback and long entry!
This is our entry zone: https://www.tradingview.com/x/9YX3Y65y/
I will update this chart in few hours with detail analysis!
Touched our entry zone, filled part of my longs and now enjoying very good move of $100 up. Booked small % of profit at 6390 and now holding the rest of the position!
Buy orders at the lower side of this green area are still there!
If you followed our signal, enjoy the profit!
https://www.tradingview.com/x/mmwhe9dO/
Buy orders at the lower side of this green area are still there!
If you followed our signal, enjoy the profit!
https://www.tradingview.com/x/mmwhe9dO/
Good mornig!
Currently we are in ranging market and so far both directions are possible! Big uncertainity in the market and maybe the best proof of this uncertainty is last 6 days close!
Until we get clear closes, clear trends, I would suggest to be safe and do not risk more than you can afford to lose! Do not even think to trade without stop losses because price can go up to 7200 or down to 5500 so not using stop losses can burn your margin account easily!
This was from trader point of you!
Most of you cant seperate trading from investing!
If you are an investor, investing now in BTC or especially in altcoins cant be better! Yeah, Bitcoin can be 5k, there is possibility for 4k but buying BTC at 6k will be dream entry in few months and even bigger dream entry in few years!
Just when you are investing, you have to know how much can you invest! Invest as long as your loss/profit is not causing big emotional spikes! If you are making $50k per year in your job, then investing 10% in BTC should be amount that shouldn't cause any major stress. 5k in BTC can be easily 50k in year or two!
That's why I beg you to seperate trading from investment! In trading we are looking for current situation! In investing you are looking for promissing technology! If Blockchain is not promissing, then I do not know what is!
Once I find entry with reasonable risk reward rate, with clear signs, I am going to share with you!
Currently we are in ranging market and so far both directions are possible! Big uncertainity in the market and maybe the best proof of this uncertainty is last 6 days close!
Until we get clear closes, clear trends, I would suggest to be safe and do not risk more than you can afford to lose! Do not even think to trade without stop losses because price can go up to 7200 or down to 5500 so not using stop losses can burn your margin account easily!
This was from trader point of you!
Most of you cant seperate trading from investing!
If you are an investor, investing now in BTC or especially in altcoins cant be better! Yeah, Bitcoin can be 5k, there is possibility for 4k but buying BTC at 6k will be dream entry in few months and even bigger dream entry in few years!
Just when you are investing, you have to know how much can you invest! Invest as long as your loss/profit is not causing big emotional spikes! If you are making $50k per year in your job, then investing 10% in BTC should be amount that shouldn't cause any major stress. 5k in BTC can be easily 50k in year or two!
That's why I beg you to seperate trading from investment! In trading we are looking for current situation! In investing you are looking for promissing technology! If Blockchain is not promissing, then I do not know what is!
Once I find entry with reasonable risk reward rate, with clear signs, I am going to share with you!
Our analysis from paid channel! The drop was obvious! Now, once it did happen, we are looking for new entry!
In general, we may see one more try to of breaking resistance zone around 6600 but chances are lower day by day! More and more we are becoming bearish again becuaw all these bullish news about potential short squeeze, too much long orders... are becoming less and less influential to the market!
The fact about long/short rate is a little bit different then it seemed to be at the first!
Firstly, it is rate on Bitfinex, the exchange that is few times smaller than Bitmex! The long short rate on Bitmex is quite different! It is much more neutral then bitfinex!
Bitfinex offers its members up to 3.33x leverage! It means that maybe the majority of these shorts are like bags for upcoming dump! WIth 3.3x max leverage your liquidation price will be way higher than current price so these short traders are very confortable with these shorts! So, in my opinion, short squeeze may happen only if we reach 7k+ when these shorts may doubt their decision! Everything below that price will be very confortable for them! You have to know that the biggest volume was above 8k so maybe the majority of these shorts come from 7.5-8.5k area! So, they do not even think about short-term price action and they are waiting for the bottom! What is going to be bottom no one knows but this was just other side of the story! Bitfinex is not so important these days! The king is Bitmex.
So I do not care what others say! I am waiting for confirmation and then I am going to take an entry! At the moment, this was drop of $150 and it was not something huge but it showed us the lack of buy power!
Looking for next entry! Stay tuned!
In general, we may see one more try to of breaking resistance zone around 6600 but chances are lower day by day! More and more we are becoming bearish again becuaw all these bullish news about potential short squeeze, too much long orders... are becoming less and less influential to the market!
The fact about long/short rate is a little bit different then it seemed to be at the first!
Firstly, it is rate on Bitfinex, the exchange that is few times smaller than Bitmex! The long short rate on Bitmex is quite different! It is much more neutral then bitfinex!
Bitfinex offers its members up to 3.33x leverage! It means that maybe the majority of these shorts are like bags for upcoming dump! WIth 3.3x max leverage your liquidation price will be way higher than current price so these short traders are very confortable with these shorts! So, in my opinion, short squeeze may happen only if we reach 7k+ when these shorts may doubt their decision! Everything below that price will be very confortable for them! You have to know that the biggest volume was above 8k so maybe the majority of these shorts come from 7.5-8.5k area! So, they do not even think about short-term price action and they are waiting for the bottom! What is going to be bottom no one knows but this was just other side of the story! Bitfinex is not so important these days! The king is Bitmex.
So I do not care what others say! I am waiting for confirmation and then I am going to take an entry! At the moment, this was drop of $150 and it was not something huge but it showed us the lack of buy power!
Looking for next entry! Stay tuned!
In my opinion it is just matter of time when we are going to drop!
https://www.tradingview.com/x/fz2aaXmd/
All these wicks that are point upward, EMAs That are comeing down will be very hard resistance for BTC!
Midbb D1 is coming down too! This green area was enormous resistance last time and I do not think this time it will be broken!
We have bullish momentum but it finished just by spike to 6600 and nothing else.
You have to know that local or any tops need much more to form then bottoms!
https://www.tradingview.com/x/fz2aaXmd/
All these wicks that are point upward, EMAs That are comeing down will be very hard resistance for BTC!
Midbb D1 is coming down too! This green area was enormous resistance last time and I do not think this time it will be broken!
We have bullish momentum but it finished just by spike to 6600 and nothing else.
You have to know that local or any tops need much more to form then bottoms!
BTC slowed down in last 12 hours and we are now ranging between 6350 and 6400 so it doesnt offer us a lot of chances for catching big moves but it offer us enough time to check the situation and prepare for that "big move"
BTC chart: https://www.tradingview.com/x/Rsp9Z9TV
This is my trading idea!
Entry around 6370, stop loss above 6405-6410 and first target around 6280-6250!
There are a lot of reason why I am bearish on BTC at the moment! I was combining different strategies, time frames and all I see is potential dump in the price of BTC.
This trading set up offers me perfect tight stop loss so let's enter and wait to see where we are going!
Good luck!
BTC chart: https://www.tradingview.com/x/Rsp9Z9TV
This is my trading idea!
Entry around 6370, stop loss above 6405-6410 and first target around 6280-6250!
There are a lot of reason why I am bearish on BTC at the moment! I was combining different strategies, time frames and all I see is potential dump in the price of BTC.
This trading set up offers me perfect tight stop loss so let's enter and wait to see where we are going!
Good luck!
Forced Short Squeeze
Exactly what I wrote few hours ago! Bulls used their money on Binance, Bitfinex, Bitstamp to pump price up! They probably lost up to 10% because of that! But, they made at least 100% on Bitmex and overall profit for them is huge considering that they are using millions to trade!
Simply, they opened longs on Bitmex, waited for Bitmex to get down and they started with pump on other exchanges! They caused difference in price and it caused others to think they they can easily catch $50-100 move. They put orders and waited for Bitmex to come back! Then we saw auto trading, that was extremelly volatile in altcoin market! Some alts went up to 400-500% on Bitmex but they dropped down just few minutes later!
Now, there is not short positions on alts for sure because move was bigger than 100% so all positions were liquidated! What is even worst is that there are a lot of longs opened and if the profit wasn't booked instant, it is now huge loss! So, I was talking about double pressure on Bitcoin, but double pressure on alts is huge! I wouldnt be surprised to see alts in double digit loss very soon! Simply, there is huge amount of potential shorters and huge amount of longs that are in loss! After short squeeze, we could easily see long squeeze but this time it can be even worse!
https://cointelegraph.com/news/crypto-markets-see-green-amid-talk-of-forced-short-squeeze-on-bitmex
If you like our work, you can award us by inviting your friends and helping us grow our community.
Exactly what I wrote few hours ago! Bulls used their money on Binance, Bitfinex, Bitstamp to pump price up! They probably lost up to 10% because of that! But, they made at least 100% on Bitmex and overall profit for them is huge considering that they are using millions to trade!
Simply, they opened longs on Bitmex, waited for Bitmex to get down and they started with pump on other exchanges! They caused difference in price and it caused others to think they they can easily catch $50-100 move. They put orders and waited for Bitmex to come back! Then we saw auto trading, that was extremelly volatile in altcoin market! Some alts went up to 400-500% on Bitmex but they dropped down just few minutes later!
Now, there is not short positions on alts for sure because move was bigger than 100% so all positions were liquidated! What is even worst is that there are a lot of longs opened and if the profit wasn't booked instant, it is now huge loss! So, I was talking about double pressure on Bitcoin, but double pressure on alts is huge! I wouldnt be surprised to see alts in double digit loss very soon! Simply, there is huge amount of potential shorters and huge amount of longs that are in loss! After short squeeze, we could easily see long squeeze but this time it can be even worse!
https://cointelegraph.com/news/crypto-markets-see-green-amid-talk-of-forced-short-squeeze-on-bitmex
If you like our work, you can award us by inviting your friends and helping us grow our community.
Cointelegraph
Crypto Markets See Green Amid Talk of ‘Forced Short Squeeze’ on BitMEX
The crypto markets are seeing a second flush of green, with virtually all of the major cryptocurrencies seeing solid growth on the day, Bitcoin circling $6,700.
If you are short, this is the most bearish candle you can dream off! If we close like around this price with this candle, low bollinger band is going to be tested in our opinion!
https://www.tradingview.com/x/76cBSWl6/
We are still waiting for ETF decision! It should be very soon! This drop is maybe sign that decision is negative and whales are dumping and opening shorts before official statement! You have to know that guys with millions have their sources everywhere and they will always have information before you! You can't compete with them, you can only try to predict their moves!
https://www.tradingview.com/x/76cBSWl6/
We are still waiting for ETF decision! It should be very soon! This drop is maybe sign that decision is negative and whales are dumping and opening shorts before official statement! You have to know that guys with millions have their sources everywhere and they will always have information before you! You can't compete with them, you can only try to predict their moves!
It wasnt some bullwhale, it was obviously BitMex saving themselves from making their company die
Then BitMex has a coordinated ddos (distributed denial of service attack) which shuts down the site and price dumps trapping longers underwater
And all of this a few hours before the ETF denial will happen. BitMex know just like most ppl know that the ETF will be denied. Shorts already at ATH with an almost guranteed dump after the ETF denial would mean BitMex has to take money from their own insurance fund since majority of positions (shorts) are in profit which i would guess they don’t want. So therefore they removed a big part of shorts from the markets and made them scared + removed longers and made them scared so that people would be scared of trading the ETF news.
https://www.ccn.com/bitmex-downtime-crypto-pump-manipulation-in-the-bitcoin-market/
Then BitMex has a coordinated ddos (distributed denial of service attack) which shuts down the site and price dumps trapping longers underwater
And all of this a few hours before the ETF denial will happen. BitMex know just like most ppl know that the ETF will be denied. Shorts already at ATH with an almost guranteed dump after the ETF denial would mean BitMex has to take money from their own insurance fund since majority of positions (shorts) are in profit which i would guess they don’t want. So therefore they removed a big part of shorts from the markets and made them scared + removed longers and made them scared so that people would be scared of trading the ETF news.
https://www.ccn.com/bitmex-downtime-crypto-pump-manipulation-in-the-bitcoin-market/
I just hope you were following our advice. Currently it is $400 down. You can book some profit and hold stop loss around 6500!
But it is too late to short it! We all know that it will be rejected so it can cause pump too because those who wanted to short they already did! I closed my short and now waiting for next entry!
Hey bros!! We will start here very soon the best pumping group of all the time. No prepumps ! Coin will be released on binance ! We will be holding for an half an hour and more everytime and not dumping on each others! But on outsiders that we atract thanks to social media together by spamming! Everybody will be making money in our channel! Are u searching for a real good pump channel ? We are the right ones if u wanna be poor do not join us, but if u want to buy yourself a new Lambo lets join and start to be a young rich pumper! Stay excited ! Stay tuned to us! We are young rich pumpers yeaaah🤑🤑🤑🤑
MCP🪩Extras FREE pinned «Hey bros!! We will start here very soon the best pumping group of all the time. No prepumps ! Coin will be released on binance ! We will be holding for an half an hour and more everytime and not dumping on each others! But on outsiders that we atract thanks…»
📣 PUMP INFO 📣
Time: 19:00 GMT ⏰
Exchange: Cryptopia (for start)📊
20 groups will participate
Around 100k members👨👩👧👦
🇬🇧 London 20:00
🇺🇸 New York: 15:00
🇫🇷 Paris: 21:00
🇷🇺 Moscow: 22:00
🇳🇱 Amsterdam: 21:00
🇮🇳 India: 1.00
🇨🇳 China: 3:00
🇯🇵 Tokyo: 2:00
STAY TUNED, STAY EXCITED AND WAIT FOR THE FLIGHT 👍💰💸🚀📈
Time: 19:00 GMT ⏰
Exchange: Cryptopia (for start)📊
20 groups will participate
Around 100k members👨👩👧👦
🇬🇧 London 20:00
🇺🇸 New York: 15:00
🇫🇷 Paris: 21:00
🇷🇺 Moscow: 22:00
🇳🇱 Amsterdam: 21:00
🇮🇳 India: 1.00
🇨🇳 China: 3:00
🇯🇵 Tokyo: 2:00
STAY TUNED, STAY EXCITED AND WAIT FOR THE FLIGHT 👍💰💸🚀📈
MCP🪩Extras FREE pinned «📣 PUMP INFO 📣 Time: 19:00 GMT ⏰ Exchange: Cryptopia (for start)📊 20 groups will participate Around 100k members👨👩👧👦 🇬🇧 London 20:00 🇺🇸 New York: 15:00 🇫🇷 Paris: 21:00 🇷🇺 Moscow: 22:00 🇳🇱 Amsterdam: 21:00 🇮🇳 India: 1.00 🇨🇳 China: 3:00 🇯🇵 Tokyo: 2:00 STAY…»
🚀OUR FIRST BIG PUMP 🚀
🔑KEY POINTS TO REMEMBER🔑
➡️Make sure you enter your buy price at higher price then the current price. This will automatically fill at the first available price.
➡️ BUY FAST and DON’T PANIC SELL. The longer we all hodl, the higher we’ll push the price up! We want to dump on outsiders, not on each others! We do not do prepumps as well, only scam pump channels do that, we want to build wealth around our community and make you bros financial free🌹👊🏻😎
➡️DON’T BE GREEDY. We want everyone to do well and make money. So be sensible!
➡️ As soon as you have bought, go to the Cryptopia Trollbox and shout about the coin. Open the link in a new tab so it is ready to go 10 mins before pump tomorrow: https://www.cryptopia.co.nz/Chat
▶️And last but not least, enjoy your profit🤑, tell about it your friends your mama and get ready for next pump, take it easy and smooth bros, see you soon👊🏻😎
🔑KEY POINTS TO REMEMBER🔑
➡️Make sure you enter your buy price at higher price then the current price. This will automatically fill at the first available price.
➡️ BUY FAST and DON’T PANIC SELL. The longer we all hodl, the higher we’ll push the price up! We want to dump on outsiders, not on each others! We do not do prepumps as well, only scam pump channels do that, we want to build wealth around our community and make you bros financial free🌹👊🏻😎
➡️DON’T BE GREEDY. We want everyone to do well and make money. So be sensible!
➡️ As soon as you have bought, go to the Cryptopia Trollbox and shout about the coin. Open the link in a new tab so it is ready to go 10 mins before pump tomorrow: https://www.cryptopia.co.nz/Chat
▶️And last but not least, enjoy your profit🤑, tell about it your friends your mama and get ready for next pump, take it easy and smooth bros, see you soon👊🏻😎