One of the biggest short squeeze is about to happen with BTC reaching at least $6500 with chances of reaching even $7000.

It is getting even worse for the bears 🚀🐻

$6500 reached and we just tap into $6900 leaving us $100 from the main target of $7000.

No TA, just simple math 🙌

When drop? When every single bear is liquidated. Who is going to be bear then? Those who are putting sell orders and the majority is buying currently in them .

Are we going to see Bitcoin below $6000 again?

Absolutely!

Target perfectly reached 👌

All targets were reached. Everything that exceeds $7000 will be confirmation of Bitcoin strength but catching long position now is very risky and could be compared to buying Bitcoin above $15k in 2017. You have chance but overal trend is not sustainable and there will be opportunities of buying lower.

Futures closed at $6350 yesterday and we have currently potential gap of 10%. Even if we open Monday with this gap, we do believe the price will throughout the week ahead try to reach at least to test that gap.

When next setup comes up we will let you know. Until then, we are waiting for focus is shifted towards altcoins that may take the action if expected slowdown in BTC price happens.

That’s being said, the alts with biggest potential are margin alts.

Happy Saturday and be grateful for these prices. I should everyone has to be happy with this performance because it confirms the strength of bulls in the market.

Get ready for Ethereum with targets at $200 and $240.

Just to mark the price at which this was shared and to capture this unbelievable funding rate. Using 25x leverage and holding position for a day would cause you to lose 30% of your position. In 3 days, you would lose entire position just because of funding.

You do not have to register under our referal link, that’s totally okay but start looking for some alternatives because trading on Bitmex is becoming nightmare. No matter if you are long or short, wrong or right you will be losing money.

The choice is yours, here is the link for great alternative that is getting traction very fast.
https://www.deribit.com/reg-5508.8322

Do not move your whole funds there but moving part of funds is recommenced so you can take opportunity and trade with the way lower fees.

https://www.tradingview.com/x/RZd0UAHU

It took 49 minute for target to be reached 😯🤯

Thank you Vitalik

Two great signals were shared in last 2 days. What’s next?

It’s time to wait for price to reach buy levels. We marked two very important areas

https://www.tradingview.com/x/hhhldPYu

Buying above these levels only in case of short-term long opportunity.

I’m back, I hope you didn’t miss me 🙋‍♂️

Finally it is coming back below 60%. It does indicate the potential slow down and ranging above 6k. Once we spot next extreme point that aligns with market conditions, we will share with you.

This is our next focus. Try to research the reason for this ratio on Bitfinex. So far, the math says it will go up. Any major change will be updated.

Done✅

Crypto Market Right Now 🐃🐻

I’m back, I hope you didn’t miss me 🙋‍♂️