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In this video we analyse the crashing Bitcoin shorts, and discuss the potential for a new Bitcoin rally forming as a result.
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Very large bulls. Are gonna be out . Buy now or be left behind
JPMORGAN COIN THE XRPOO KILLER LOL HAHAHA BETTER SELL ASAP IF YOU CAN . XRPOO holders.
The longer it goes down the more upward pressure will grow…and the manipulative influence (not control) is still there but that influence will also buckle to the upward pressures.
Once we get a good golden cross, the next bullrun will be confirmed ?
*PEACE!!* …and also to you. 🙂 I think that is the most forceful blessing one can get out on the internet, kind of like being smacked hard in the face with a very carefully and thoughtfully chosen Valentine's Day card. I guess the intensity shows just how strongly you feel about your blessing. Yes, *PEACE TO YOU TOO!!* …. great analysis, you be doin too 🙂
Short squeeze…
Means they have to buy their position back .
fun fact Bitcoin Private was a fork of Zclassic
Awesome BULL………SHIT
im all in now
They’re not necessarily liquidated Traders just exit them after changing their minds
btc does not have the momentum to be short term bullish? and their are listeners to your bullshit
This one of the best and most honest TA I ever heard. Well done!
Yeah I don’t think that was short liquidation, that was short covering/taking profits. This means, to me (from what I’ve been learning), that the bears are winding up to push lower. There are over 10k more btc longs on bitfinex, which means there’s more money in longs, which means (again, from what I’ve been learning) market makers will push to liquidate where there is more money. Longs are nearing all time highs. I’ve never heard of a bear market ending with everyone in on it.
Down it goes
I think a lot of shorts covered yesterday because they saw the ultimate short @crypt0fungus on twitter tweet he had covered his short from $19000+. Shorts just copy the leaders.
We are going to go higher. It’s a bull flag.
Shorts fell when we were going sideways at 6k too. Can't follow the crowd mentality.
Well, the Cboe BTC Futures contract expires today at 4pm EST… Let's see who's in control of the market then ?
To be honest TA at this stage is difficult. There is not enough natural adoption – yes Bitcoin may move up towards resistances but bull run not yet. Maybe the bear market has slowed but if you are an adopter there is no need to panic buy. I don't think I would have the nerve to sell at this level though but then may be the market knows this about this price level it could fall a lot further. Expect the unexpected.
Short positions dropping does not necessarily mean the shorts were "liquidated" (100% loss), the orders could have just been closed (little or no loss)
Youre right. When btc does not rally after a drop in shorts, it is a sign that people are pulling out their trade money and wait for something to happen. It will most likely lead to a fall in price…