There's a short squeeze brewing, all the bulls know it.
Perma Bears are still shorting. What's the big picture trade?
Well, our previous long entry at $6040 for the squeeze was viable and currently still in profits.
A hedge Short was opened at $7370
Analysis of the previous squeeze occurring on 4/7 demonstrates a possible fractal in 6 phases:
Phase 1
Swing low, followed by an initial peak ,
Which are labeled on both charts.
(swing low) (initial Peak),
During that period BTCUSDSHORTS declined.
Phase 2
Initial peak to HL (higher low)
Once again labeled on the chart.
BTCUSDSHORTS climbs
Then Phase 3
C1
C for channel, in both cases a rising wedge. That bounced off 61.8% fib
Previous fractal was a perfect bounce, this time around, not quite.
The end result is a LH, lower high
BTCUSDHSHORTS pullbacks, then goes parabolic
Phase 4
Knife
A pullback from LH @ CI, to form HL2 @ fibo %23.6
Expected current target for BTC HL2 $6400
Phase 5
C2
Projected in the near future, yet present on 4/7 fractal.
C2 should draw in even more Shorts to squeeze.
Climbing from fibo %23.6 to %50
Phase 6
Final Shakeout, Drop back down to fibo %38.2,
Then the rest is history.
Initial Target after squeeze, is $10,000 @ Fibo % 161.8
If you're asking why,
Well observing the Shorts chart,
Bulls need to give up hope, and bears need to believe they're actually winning.
The objective: increase leveraged shorts for a mega squeeze
burn out all the bull hopium
Shake everyone out,
then finally Moon it :)
Perma Bears are still shorting. What's the big picture trade?
Well, our previous long entry at $6040 for the squeeze was viable and currently still in profits.
A hedge Short was opened at $7370
Analysis of the previous squeeze occurring on 4/7 demonstrates a possible fractal in 6 phases:
Phase 1
Swing low, followed by an initial peak ,
Which are labeled on both charts.
(swing low) (initial Peak),
During that period BTCUSDSHORTS declined.
Phase 2
Initial peak to HL (higher low)
Once again labeled on the chart.
BTCUSDSHORTS climbs
Then Phase 3
C1
C for channel, in both cases a rising wedge. That bounced off 61.8% fib
Previous fractal was a perfect bounce, this time around, not quite.
The end result is a LH, lower high
BTCUSDHSHORTS pullbacks, then goes parabolic
Phase 4
Knife
A pullback from LH @ CI, to form HL2 @ fibo %23.6
Expected current target for BTC HL2 $6400
Phase 5
C2
Projected in the near future, yet present on 4/7 fractal.
C2 should draw in even more Shorts to squeeze.
Climbing from fibo %23.6 to %50
Phase 6
Final Shakeout, Drop back down to fibo %38.2,
Then the rest is history.
Initial Target after squeeze, is $10,000 @ Fibo % 161.8
If you're asking why,
Well observing the Shorts chart,
Bulls need to give up hope, and bears need to believe they're actually winning.
The objective: increase leveraged shorts for a mega squeeze
burn out all the bull hopium
Shake everyone out,
then finally Moon it :)
Dagangan aktif
$6400 Target reached for short.
Short closed.
$6300 was longed
$6500 is hedged short in case trade doesn't go in favor.
I expect chop through the channel, Long target $7100
Nota
Added Fib Timezones to both fractalsI expect to see a big movement on 9/18- 9/19
Around the 9/21st SEC ETF announcement
Dagangan aktif
Hedge from $6500 was closed at $6100
Previous long stopped out,
Knife was bought with kevlar gloves
Long open at $6170
Looking for new high to hedge short.
Nota
Fractal Still in PlayHedging short is a way to insure profitability
Current Low still higher than previous low,
I'd like to see an upwards retracement to $7100
Dagangan aktif
Fractal is on track for LH,C2
Long still open at $6170
Looking for 6800 T1, to re-assess feasibility of $7100
Nota
Good fractal progression, I expect further continuation
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.