CryptoBullet
#ADA Mid Term Buy
Recently ADA reached our Strong BUY zone and already bounced off a bit.
💡This is BTC longs divided by BTC shorts. Why is it worth paying attention? There can be 5 times more leveraged longs and 5 times more leveraged shorts, but the ratio puts it all together.
The green line is BTC price & the blue line is longs/shorts ratio.
Black line is zero line, under which the market should go up.
The first red line says when there are twice as many longs as shorts, that is the time to be cautious.
📌According to the current market environment, we can draw another critical line at 1.70. If longs become 70% greater than shorts, it says people are too bullish and the market should pull back.
The green line is BTC price & the blue line is longs/shorts ratio.
Black line is zero line, under which the market should go up.
The first red line says when there are twice as many longs as shorts, that is the time to be cautious.
📌According to the current market environment, we can draw another critical line at 1.70. If longs become 70% greater than shorts, it says people are too bullish and the market should pull back.
CryptoBullet
BTC Shorts rose after the #ETF rejection. When the short squeeze happened, the shorts dropped but now the shorts are almost back to where they were. So the market is once again ready for another short squeeze. It’s gonna happen again, guys. The market isn’t…
BTC Shorts dropped significantly. Longs / Shorts ratio is currently above 1.
CryptoBullet
Updated ratings of blockchain projects by Chinese government. This month’s list was topped again by EOS followed by Ethereum. Bitcoin was rated in 16th place.
Updated ratings of blockchain projects by Chinese government.
EOS was ranked as the top blockchain network once again. Ethereum was given the second slot. Bitcoin climbed from 16th to 10th place.
EOS was ranked as the top blockchain network once again. Ethereum was given the second slot. Bitcoin climbed from 16th to 10th place.
The SAR & The Bollinger Bands are still telling to be careful. The price is going up into the 20 Week MA, which is the middle of the Bollinger Bands. Let’s see if we can break above the middle line and the SAR. Also pay attention to the volume decrease over the last 3 weeks.
We are in bear territory until we close above the middle line of the Bollinger Bands and spend an entire candle above it, which is insanely important. Also it’s hard to be bullish until we have a weekly close above the last swing high at 8400, knocking out the SAR points.
📌 Currently there is no indication that the bear market has ended, but Bitcoin still has the ability to move into its resistance point of the 30 Week MA.
We are in bear territory until we close above the middle line of the Bollinger Bands and spend an entire candle above it, which is insanely important. Also it’s hard to be bullish until we have a weekly close above the last swing high at 8400, knocking out the SAR points.
📌 Currently there is no indication that the bear market has ended, but Bitcoin still has the ability to move into its resistance point of the 30 Week MA.
CryptoBullet
BTC Shorts rose after the #ETF rejection. When the short squeeze happened, the shorts dropped but now the shorts are almost back to where they were. So the market is once again ready for another short squeeze. It’s gonna happen again, guys. The market isn’t…
Please, reread the referred post.
📈 We are getting closer & closer to our target of 7500.
On the 23rd of August we wrote that there would be a dramatic decrease in BTC Shorts. And we've got it.
Look at how shorts have deleveraged since then (~ 90% decrease). That creates a nice environment for price to fall, maybe not now, but in the future.
📌 Pay attention to how shorts has significantly grown today. The crowd rarely shorts against the market move.
On the 23rd of August we wrote that there would be a dramatic decrease in BTC Shorts. And we've got it.
Look at how shorts have deleveraged since then (~ 90% decrease). That creates a nice environment for price to fall, maybe not now, but in the future.
📌 Pay attention to how shorts has significantly grown today. The crowd rarely shorts against the market move.
CryptoBullet
Take note of the big jump in volumes on the yesterday's gravestone doji. That calls for caution. A high volume move above the rising wedge hurdle would signal bullish continuation.
Called you to be cautious after that spike in volume & gravestone doji. Hope that helped you save some money from the dramatic fall.
📰 BREAKING: Investment bank Goldman Sachs has reportedly dropped plans to launch a cryptocurrency trading desk, for now at least.
What a coincidence...
What a coincidence...
CryptoBullet
BTC Shorts rose after the #ETF rejection. When the short squeeze happened, the shorts dropped but now the shorts are almost back to where they were. So the market is once again ready for another short squeeze. It’s gonna happen again, guys. The market isn’t…
Please, read the reffered post.
On the 23rd of August we called that a Dead Cat Bounce with the final target range of 7000-7500 and it worked perfectly.
On the 23rd of August we called that a Dead Cat Bounce with the final target range of 7000-7500 and it worked perfectly.
CryptoBullet
📈 We are getting closer & closer to our target of 7500. On the 23rd of August we wrote that there would be a dramatic decrease in BTC Shorts. And we've got it. Look at how shorts have deleveraged since then (~ 90% decrease). That creates a nice environment…
Guys, also reread this referred post. Very important point regarding BTC shorts.
The BTC shorts are really leveraged, again. Right now we are in a good position for a short squeeze. That huge player hardly wants to take all that people on board with him.
📌 So, the most we can count on is a rebound to 6600 in order to wipe out those excessive shorts. Be careful and do not trade without stop losses.
📌 So, the most we can count on is a rebound to 6600 in order to wipe out those excessive shorts. Be careful and do not trade without stop losses.
We are convinced that there is still more bearishness to come. The question is where will price be.
📌 There is price & time to every bear market. They both have to play out.
If a lower price target (potential bottom) gets hit too early, we have to add a lower price target. If a time period is hit too early before a low and price target, extend your time.
Markets like to correct to significant prior highs.
What level will BTC bounce at? Your best bet is lower fibonachi line which is close to the prior high of 5k.
📌 There is price & time to every bear market. They both have to play out.
If a lower price target (potential bottom) gets hit too early, we have to add a lower price target. If a time period is hit too early before a low and price target, extend your time.
Markets like to correct to significant prior highs.
What level will BTC bounce at? Your best bet is lower fibonachi line which is close to the prior high of 5k.
