BitcoinLong
Bitcoin, Incoming Short Squeeze
Updated
Short interest is growing parabolic, and Bitcoin's price isn't making lower lows,
While market dynamics mimic November 2017, in terms of Market Cap and BTC Dominance.
Historically, the last 3 times short sellers overtook longs in terms of %,
Bitcoin squeezed shorts, and went on a rally.
I believe history is about to repeat itself!
While market dynamics mimic November 2017, in terms of Market Cap and BTC Dominance.
Historically, the last 3 times short sellers overtook longs in terms of %,
Bitcoin squeezed shorts, and went on a rally.
I believe history is about to repeat itself!
Trade active
Still Long from $6041Hedged short today in the high 6500s
Intra-day I'm seeing an inverted ascending triangle, as well as a bull flag on.
Note
Bear divs on the daily, BTCUSDSHORTS chart,
With a recent RSI Double top.
I'd like to see more shorts pile in to increase profitability of the incoming squeeze.
Note
The Bear Trap is getting more and more real, Market Makers painting intra-day bear flags to attract more and more shorts.
Bear flags highlighted with triangles,
Short reactions highlighted with circles
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