![Shorters knew bitcoin [btc] would break up! (green week ahead)](https://ohiobitcoin.com/storage/2019/01/idea-image-placeholder.svg "Shorters knew bitcoin [btc] would break up! (green week ahead)")
We’ve been looking at patterns, Bear and Horse flags, Waves drawings and stories about waiting forever before opening a trade because we don’t know where will go… But SHORTERS clearly knew that would break up.
Let’s take a look at the SHORTS vs LONGS chart and see how is that… HIT LIKE TO CONTINUE… and I hope to have you entertained for a few minutes… Let’s get started!
BitFinex & Shorts Chart
We start by looking at the chart:
On early November, SHORTS were going for the lows, they were crashing hard from a peak reached in mid October and had a crossover on the 3rd November, marked with a yellow circle on the chart.
The was coming out of oversold with , had printed a high higher high , so bears were wondering if the next break was going to be a moved up and closed their shorts. This was clearly reflected on the SHORTS & LONGS chart, as the shorts went searching for support (red dotted line).
By the 20th November, SHORTS were increasing with momentum, having a crossover vs the LONGS and now moving to reach all time highs.
SHORTS had their rally and reached all time high by the 7th December. Here I shared few charts, before and after, mentioning that this would be the top and the SHORTS would crash really hard and it happened, but it went relatively slow for a while…
LONGS only started to go up after the 27th December when a higher low was created compared to the 19th Dec. (purple dotted line). Here the LONGS started to move up strong, yet price created a lower low, marking divergence between price and Indicator. Here is the chart, you can see it marked with a purple dotted line and compare with the SHORTS vs LONGS chart above:
On the 3rd January, before the last breakout, the SHORTS had a massive drop and bearishly cross the LONGS and is now aiming for support (red dotted ).
SHORTERS knew ahead of time that would go up and gave us a clear signal. But we opened a trade before that around $3500 – $3650. You can find it here:
Note: This trade is based on (CoinBase, , XBT, etc.) price and not (BitFinex).
bitcoin ( ) Additional Signals
We can see what appears to be an on the daily time frame, which supports other signals:
Safely trading above EMA10, which was broken with momentum and and there isn’t much on the retrace (healthy retrace I call it):
The remains and the is entering the zone, something it hasn’t done since May but it still needs more time for this signal to be strong.
We also have several signals coming out of the weekly time frame, but I’ll leave those for another analysis.
Looking at the side, we have several strong support levels that will test on the way down.
First strong support is EMA10, which is now sitting around $4012 on this chart. Followed by $3840.
These are bitcoin [BTC]’s main support on the daily time frame. If these levels were to break, we would stop at $3500 – $3650 and finally $3215.
The immediate resistance is sitting at $4174, which is EMA200 on the weekly time frame; this is a very strong resistance right now.
If this resistance is broken, goes straight to $4242 (EMA50), which has been the biggest challenge for on the daily time frame. A break of this level with strength, can lead to $4800 or $5000+.
2019 Marks The Beginning of Cryptocurrency ( & Altcoins)
This year will bring very strong awareness to & Altcoins (Cryptocurrency) but you can expect the BULL party in 2020. Don’t get me wrong, I believe that 2019 will be extremely positive, profitable and green for this market but the real bull run comes in 2020 for me… What about you? When will Boom Again?
Let us know in the comments section below…
And make sure to Hit LIKE if you enjoyed this post.
Wishing you an amazing year 2019.
EVERYTHING WILL BE SOLVED TODAY
What is it that is changing your mood today?
Is it something challenging?
You know it has a solution, but yet you worry night and day?!
Is it another challenge that for you, is yet to come?
Up until now every blockage has been removed from your road.
So keep on meditating and praying, do it for as long a time as it takes.
If you do it long enough…
EVERYTHING WILL BE SOLVED TODAY!
Namaste.
Published at Mon, 07 Jan 2019 09:36:36 +0000
