It's surprising that most people are still interested in shorting. If you look at Binance futures long/short ratio statistics, the ratio is well below 1.0. This situation is very similar to July 20, 2021, where the ratio was also below 1.0. I think we will get massive short squeeze to 52k+ this week.
Corrections will be very shallow. Prepare for upcoming move to 52k. May not even reach 46.8k on correction. Remember, BTC price action is irrational. For example, look at May~July 2019. I see the same pattern here. Many are expecting some sort of deep correction based on 'it surely can't keep going up'. But the majority feel this way. "Markets can stay...
$BTC start tilting into one side... 1st 10%+ green daily since August Macro structure willing to form a HL into a potential HH UCTS bullish on the 12H & any lower TF Either straigth continuation toward 50k or retest/flip of the breakout is what bulls need #BTC
#BTC (Update) In 4h timeframe, Bitcoin Bulls testing the Key Trendline Resistance (44k) If Trendline Resistance got Cleared, Expecting +10% Bullish Wave towards the 48.6k.. send it 📈 Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
$BTC Another retest at ~44k similar to what have been watching (boringly) for the last 10 days Bulls need a breakout above as signal of strength & potential reversal but till that happens remaining flat Macro structure still deciding(HL-HH / LH-LL) For now Netflix and Wait #BTC
Binance futures platform statistics shows very high short interest in BTC today, which means BTC will likely rise higher to test 47.8k level order block. Good entry level is 42.9k. Low-moderate leverage.
#BTCUSDT Update: #BTC touched resistance level at $43300. As per chart there are 2 Scenarios:- 1)- If rejected then Ready for $41000 and $37000 but 2)- if break $43700 resistance then We can see $48000 S: $41000/$37200 R: $43700/$48000
Massive amount of short volume from Binance futures platform suggests many traders are about to lose a lot of money. According to Kingfisher IO, most of these traders have stops above $40. I can see massive short squeeze incoming, and LUNA will trade above $40 in the next few hours/days. I am long with low leverage.
Bitcoin dropped briefly below $40,000 for the first time since August. I will looking for buys after bullish confirmation - for me it will be 5-wave + 3-wave structure which will show impulsive bullish formation. This combo will allow us to buy in safe zone with fine stop loss leverage. Yesterday I've took few risky short-term trades DOGE and AVAX which gave...
For the mid - term (1-3 months), I think the Bitcoin price will move in the descending channel . BTCUSD had reached the premium zone by Fibonacci for bears and felt impulsively by 20%. Following my global vision, which you can see in the previous publication, I assume a planned decline to 39-40K in the short term(till 1 month). Then there will probably be some...
$BTC While waiting for some clarity at the Evergrande episode Looking for a reclaim of ~44k level as 1st sign of bullishness..
Local levels have been tried and reacted strongly. Is it a giant fake out and dead cat bounce? Or was that just a correction?
Most momentum indicators( RSI , MACD , e.g.) show bullish divergence on the 1H timeframe. SFP(swing failure pattern) worked out. The price moves in a descending channel . There is the accumulation process under the channel's midline. I expect an upward movement in the coming days. In the chart shown, you can find all the key levels and resistance zones,...
As I said earlier, the following global scenario is played out: Speaking locally, I said that we will break through 50k and all stop losses and liquidations were there. Therefore, we have grown to 52.7k: We saw a drop yesterday. I expect a return to the channel's midline, a test of 49.6k, and a continuation of the fall to 41-39k, possibly lower. Best regards, EXCAVO
Trend Analysis The main view of this trade idea is on the 15-Min Chart. The cryptocurrency cross Ethereum/Bitcoin (ETH/XBT) is trending lower in the short term despite the recent short term bounce. Resistance was hit by the long term moving average MA. Expectations are for a leg lower, with the next level of support observed around 0.065. A negation of this view...
Bitcoin price roll down -18% yesterday and now settle at 42800. This week I see price action within sub 44800 range, before any major breakout will happen. This time alt market will face short-term pullback, so we might get a good trades. Keep your eye on global markets, correlation between crypto and stocks are back to high levels (chart below) Stay focused...
#BTCUSDT Exclusive TA Update :- $BTC Hit our entry zone very Fast. Almost our Both entry zone filled. 0.5 fib $41288 filled ✅ 0.6 fib $38540 Waiting Hope guys It will also filled soon. Now Tight your seat belts for Bitcoin Megha Pump. Support:- $38000 Resistance: $52000
BTCUSD down about -8% from today opening, dragging down whole altcoin markets. Bitcoin opens today in weaker structure than I thought. Shape obviously looking like H&S and 42800 neckline may not hold much... Bitcoin always drag altcoins more % down than itself. Dominance chart confirms the idea. So be careful, especially if you took alts during recent period of...