Bitcoin: there might be a better place for your shorts
ที่อัปเดต:
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 onบันทึก
To make it clear I'm not long, just watching it for fun. I still hold the shorts since 9Kบันทึก
fractal hmmmบันทึก
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On Bitmex previous high almost = 1.272 (= 7050)บันทึก
previous low*บันทึก
Bitcoin margin shorters, Mr Soros please do it alreadyบันทึก
Literally ATHบันทึก
The question will the move up or down squeeze itบันทึก
the question is*บันทึก
Volume is getting lower as wellบันทึก
divergence on a divergenceบันทึก
looks organicบันทึก
This idea is a total failure XDบันทึก
Ok not a complete failure, but now we have a relatively low volume pump and bearish div:บันทึก
Shorts squeezing as expectedบันทึก
The top can be already in or we might continue the pump to 7050 (1.272 retrcement + bbands):บันทึก
Bear flag/rising broadening wedge target exactly on previous daily low (5920):
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