BTC/USD - Massive short squeeze coming?

Updated

The BTC/USD short/long ratio on Bitfinex is the highest in all of 2018 by far. Massive short squeeze coming?

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Now the ratio has reached 1.4. When on 12th April 2018 it was 1at .2, there was a short squeeze that moved the price +USD 1,000 in one hour...

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correction of typo: When on 12th April 2018 the ratio was at 1.2

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I went from 50% to 100% long BTC today.

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I now think that we will have limited upside potential, and I have changed my exposure in BTC accordingly.

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Short squeeze cominggg soonnnn

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The bears have staked high and are currently sound asleep.

I find it amazing to see how the current short squeeze is developing. Short positions on Bitfinex are close to all time highs (ATH), and yet now that the squeeze is beginning, bears appear to be sound asleep - as there are hardly any fluctuations in their ATH short positions. I think this is going to be one hell of a massive short squeeze. And I find it interesting to follow how exactly it develops and unfolds.

EagleView777

It is all Fibonacci.

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