Bitcoin: there might be a better place for your shorts

12 июн. 2018 г.

It's illogical, but as bitcoin keeps dropping people seem to be adding up to their short positions:

This parabolic rises in shorts are often followed by squeezes and painful liquidations of overleveraged traders. Now you can see that the environment is suitable for this as we have clean bullish divergences on major indicators and the price has just landed on a support (previous bottom). Of course the impulsive move down can invalidate them, but i think this is unlikely. If you're looking to short, I'd be more careful now. My longer term view hasn't changed, but the retrace to some higher level close to 7k is reasonable.

13 июн. 2018 г.

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Oh come on

13 июн. 2018 г.

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To make it clear I'm not long, just watching it for fun. I still hold the shorts since 9K

13 июн. 2018 г.

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fractal hmmm

13 июн. 2018 г.

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13 июн. 2018 г.

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13 июн. 2018 г.

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On Bitmex previous high almost = 1.272 (= 7050)

13 июн. 2018 г.

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previous low*

13 июн. 2018 г.

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Bitcoin margin shorters, Mr Soros please do it already

13 июн. 2018 г.

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Literally ATH

13 июн. 2018 г.

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The question will the move up or down squeeze it

13 июн. 2018 г.

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the question is*

13 июн. 2018 г.

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Volume is getting lower as well

13 июн. 2018 г.

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divergence on a divergence

13 июн. 2018 г.

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looks organic

13 июн. 2018 г.

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This idea is a total failure XD

14 июн. 2018 г.

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Ok not a complete failure, but now we have a relatively low volume pump and bearish div:

14 июн. 2018 г.

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Shorts squeezing as expected

14 июн. 2018 г.

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The top can be already in or we might continue the pump to 7050 (1.272 retrcement + bbands):

15 июн. 2018 г.

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Bear flag/rising broadening wedge target exactly on previous daily low (5920):