BTC/USD - Another short squeeze coming...
Updated
i have updated my earlier short squeeze chart, because since today, short interest on Bitfinex is up massively again. So, another (slow) short squeeze is to be expected in the days to come. Bull market rallies feed on short squeezes, it is always an important ingredient.
I'm massively long BTC (from sub 6,500).
Best of luck with your trading.
I'm massively long BTC (from sub 6,500).
Best of luck with your trading.
Note
In this BTC sell-off today, buy the dip, cautiously!Note
I find it very strange that shorts are piling up during this sell-off. They are selling at support. Not a very good idea. Short interest levels rising again.Note
The crypto sell-off today coincides with a sell-off in the Nasdaq - while tech stocks are very strong, and the Nasdaq recently made a new all time high. Nothing to worry about.
It is all Fibonacci.
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