بتكوينتم تحديثه Bitcoin: there might be a better place for your shorts
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.
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.
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Oh come onملاحظة
To make it clear I'm not long, just watching it for fun. I still hold the shorts since 9Kملاحظة
fractal hmmmملاحظة
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On Bitmex previous high almost = 1.272 (= 7050)ملاحظة
previous low*ملاحظة
Bitcoin margin shorters, Mr Soros please do it alreadyملاحظة
Literally ATHملاحظة
The question will the move up or down squeeze itملاحظة
the question is*ملاحظة
Volume is getting lower as wellملاحظة
divergence on a divergenceملاحظة
looks organicملاحظة
This idea is a total failure XDملاحظة
Ok not a complete failure, but now we have a relatively low volume pump and bearish div:ملاحظة
Shorts squeezing as expectedملاحظة
The top can be already in or we might continue the pump to 7050 (1.272 retrcement + bbands):ملاحظة
Bear flag/rising broadening wedge target exactly on previous daily low (5920):
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.