Bitcoin / TetherLong
BTC gearing up for something big
volume and price volatility continue to drop and compress in this region of the small remaining part of its consolidation triangle. BTC is gearing up something big as the average volume has dropped off. There's going to be a big move at some point as we near the end of the triangle. If you take the surge on Oct 15th as a warning shot for which direction it's going to go, then this is going to be the largest short squeeze in BTC's history. The crowded trade on this one happens to be short, so the likely resolution is to the long side given that we are again at RECORD shorts and the price isn't moving down. At this point, buy in long and HODL...BTC has been sleeping and I don't think for too much longer.
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