Short squeeze soon?What's wrong with TA on open interest?
BTCUSDSHORTS is showing a rising wedge, which signifies a likely breakdown, along with the TD9 Sell on the 12hr I'd say shorting now is a risky bet.
Pumpit
I'm for the BULLS!Watching BTC to see how we react off of this old channel top again...(If we drop!) Critical Breakout point. Should see solid support in green zone. We could still truncate into middle, and capitulation or more down is still a real threat until we are confirmed Bull Market. WE ARE SO CLOSE!
Which arrow do you think is coming?
BTC SHORTS | DUMB MONEY VS SMART MONEYThis is an analysis of BTCUSD SHORTS vs BTC
Today's lesson we will attempt to understand, where Smart Money shorts, and conversely where DUMB Money shorts.
This is somewhat satire, and should be taken with a light heart. If you are in either category I'm not here to offend you, nor to compliment you.
Except, if you Short Sold the top of every rally, aka Smart Money, Congrats Madam and Sir
Green circles, complimented with green vertical bars represent where SMART money Shorts the Market.
I was able to identify 3 key levels where smart money short sells, 21,000 18,900 and 16,000 @ BTCUSDSHORTS level.
These guys have been the bear market champs! Shorting the top of rally, with impeccable timing.
Red Circles, complimented with yellow Vertical bars, represent where DUMB Money shorts BTC
In Era's of Dumb Money Shorting, we see shorts FOMO, parabolic increase in short positions, only to cover or get liquidated at a later date.
2 of these Era's can be considered a Selling Climax, well because, Selling was at all time high, check the BTCUSDSHORTS chart.
The inverse HnS Shorts, We'll call them, sorta dumb, because they shorted a reversal formation.
We'll see how this one plays out,
We're about to enter the BTCUSDSHORTS "Sorta Dumb Money" area,
If the short works, then my analysis is broken.
If it the short doesn't work, then "Sorta Dumb Money" is sorta dumb.
One thing is certain, Short selling is on the rise,
And Bitcoin just set a higher low, at a Short Selling Climax.
