Bullish retardation is getting really quick

This shorting idea is a continuation of my previous post, you may check it below.

imgur.com/a/4wmKbwB
www.binance.com/en/f...es/funding-history/3

Before that 8% pump that happened in 15 minutes. People on binance were panicking that it will go down more, so they shorted too much. Now what? Well binance l/s charts talking for itself - everybody is long again. l/s increased almost 65% over the past day. This is insane!!!

Bitfinex longs decided to long because this is the time to rocket really, rally fast. (Long and short mass in the uptrend - bearish)

70 mil liquidations on bitmex. 65 million contracts out of the market

As you understood, this wick made an incredible damage to shorts, and made everybody bullish again.

WYCKOFF

If OI goes up once once we dump, there will be more downside. Play safe. I will trade it once we break. Maybe enter with small position

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shorting ETH may be even better idea

Zlecenie aktywne:

7515
Stoploss - 7%

Zlecenie zamknięto ręcznie

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closed short at 0.5% loss Will wait for confirmation. This kind of price action may drive the price anywhere

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"What if i am wrong?"
1. Mining capitulation signal.

2. Dump and run pattern

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This wick eat all asks. There are 2 times less sellers than buyers

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tradinglite.com/ --- beter visualization of bitmex and binance orders

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On binance there is a clear resistance with a large seller around 7700

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My opinion, if you break it, the price will go up even more

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Long. Entry 7700

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stop loss 7%

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i do not care where the are you going BTC, just pls break

Anulowano zlecenie

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wowowow waiting for break out
maybe i was drunk or something. I didnt trade that

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it doesnt take a lot of volume to go up now