The Long Squeeze isn't coming!!!Mr. Pips is starting to think that we might actually be gearing up for a huge pump! When shorts are at ATH's, there is usually a short squeeze. When Longs are stacked and the price is not reflecting the amount of Longs, there is almost never a squeeze(historically speaking). Instead, The Longs tend to sell off as the price pumps and positions are closed to take profit. Mr. Pips is actually about 80% leaning towards the price spiking up. Most traders by now have become aware of the huge number of longs and are expecting there to be a squeeze. This is the exact situation institutional money loves to exploit. I could see a flash dump happening to entice some more shorts before BTC runs up. Either way, Something BIG is on the horizon. Stay alert my friends.
Mr. Pips wants you to have a blessed and Profitable day!
Mr. Pips Quote of the Day:
"The person who doesn't know where his next dollar is coming from usually doesn't know where his last dollar went!"
Disclaimer: All information provide by TheRealMrPips is for educational purposes only and is not intended to be trading advice or trading consultation. You are responsible for your own personal finances and trades!
