Sold the risk on my #bitcoin scalp long here. Looks like a OBV bear div is forming on short timeframe.

Smells like a #bitcoin short squeeze soon. • @Bitfinex Shorts 12601 btc higher than longs, 62% of all margin positions. • @DeribitExchange futures discount to spot & shorts paying longs funding: BTC-27SEP19: $5290 BTC-28JUN19: $5316 BTC-PERPETUAL: $5393

Majority of the Bitfinex #bitcoin margin calls will start to be liquidated above $5700! This is assuming there is no funding. Pressure is on the bears right now.

#bitcoin last line of defense for bears 6k #makeorbreak

im fine with that too fwiw

$XBTUSD 4H Channel

Bitfinex shorts down almost 2k $btc from the peak. The slope has rounded out and now appears to be increasing again. Averaging up even? OBV shows a sharp increase in line with the shorts curve & a lot of profit taking at the high. Current BFX premium: ~$350

I don't think this will break just yet, but consider me surprised by this reaction.

$btc forecast: Stormy, with chance of shorts stop-run.

Partially hedging long here. Bear divs.

Jumping out of the channel but those bear divs still worry me (+strong resistance zone). I wouldn't take any position here. I'm fully hedged, only collecting that juicy funding.

Volume is down a bit too, but the price just keeps on pushing. I don't know what to make of this so I'll stay hedged until I can get a clearer picture.

Aaaand 6k is broken. Oh well.

FOMO'd and unhedged for a very small loss of profits.

i will leave it there...

https://t.co/kdTJ7ynaI4

Price action still looks very bullish, bulls are in control and we may even test 6.8k, but I'm hedging now as we get closer to the busiest price level area ever.

15M Short term bullish scenario.

it would be quite the accomplishment if #Bitcoin closes the weekly above the kijun (pink). My money is betting it doesn't.

well well well