Too many shorts.... so long till $6422-6522
I think there will be a short squeeze.
over 32,600 are short on bitfinex, while only 25,212 are short on btc/usd
likelihood of a short squeeze increases significantly, unless someone knows something else.
We may see eth/usd goto $322 or higher as well IF btc/usd goes up a couple hundred...but that is another chart.
Trade at your own risk, this trade can totally fail as well.
over 32,600 are short on bitfinex, while only 25,212 are short on btc/usd
likelihood of a short squeeze increases significantly, unless someone knows something else.
We may see eth/usd goto $322 or higher as well IF btc/usd goes up a couple hundred...but that is another chart.
Trade at your own risk, this trade can totally fail as well.
Note
lol...25,212 are long on btc/usd and 32,600 are short on btc/usd.Note
35.169k short now vs 24.856k short on bitfinex.Note
35.169k short now vs 24.856k long on bitfinex...sorry tired.Note
i smell short squeezeNote
we hit 6600, target reached. still more shorts can be squeezed to push price to 6760-6940 area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.