December 2022 = major short squeeze???
Boring times in the crypto market so great opportunity to analyze deeper than usual. What I have found is that when BTCLONG crossed above RSI 50 level (monthly close March 2021), a long squeeze followed and it is still going on since April 2021. With monthly closure of November 2022 BTCSHORT will close above RSI 50 so I wonder whether there would follow a major short squeeze like, long squeeze in April 2021. I draw a Fib retracement and maximum pain for both sides show us a price level of around $ 31000. Maybe a Santa rally till this level is coming? What do you think?
Note
with 1 month delay short squeeze cameNote
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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.