Daily Crypto Charts With Comments! Aug 16, 2018 : Shortsqueeze Incoming Or Whale Manipulation?

Follow me @steemcharts for daily updates on BTCprices. If you want more charts and more in depth info, please join our Discord server Crypto&Chill

Please leave a comment and an upvote as well!

Disclaimer: This is not investing advice. These charts are for fun and beginners. An easy to understand basic introduction to charts.

BTC

Not much happening, but a much more interesting chart right now is this

Bitcoin Short positions. Last time we were anywhere these levels we went from $6700 to almost $10k in a matter of weeks. Could this repeat? Everything is very well aligned with $6000 BTC as the bottom. Mining contracts are being terminated on Genesis Mining because they cant afford it anymore. All trendlines support 6000, it's a triple bottom, shorts are way overpositioned. Unfortunately it does not quite comfort me to believing we will go up. I think there is so much manipulation as well as weak hands that it is possible to drive this thing further down. But I am undecided right now. I'm 50/50 at this point. There is not much charts can tell us right now other than it is looking very good chartwise. Fundamentally I think it's up to the whales.

 
 

 

Do you want charts on more cryptos? Join VIP groups at Crypto&Chill , a Discord server dedicated to anything and everything Crypto. All VIP's get access to several other charts (EOS, STEEM, ETH etc) We have developers, Crypto maniacs and traders hanging out. We share referral programs and your steemit posts. You can buy/sell digital assets using high rep Steemians as Escrow, talk to developers, ask questions etc. Arbitrage from skilled people in the space.

Need a Steemit account? We can help you create one directly on the Blockchain. You can change the owners key immediately after receiving access to the account. https://discord.gg/KjAb5UF