Short Squeeze is highly likely. I'm Long till 6600
price has fallen downward and is testing the lower edge of the 4 hour cloud.
4hour cloud has twisted bullish
rsi is nominal
stoch rsi nominal, pointing downward...sort of
volume is bearish on previous 4 hour candle
proprietary tool says we are going sideways
margin positions:
25.960k long vs. 38.49k short on btc/usd pair for bitfinex
I believe there is more reward to go long and I think we will squeeze shorts yet again and perhaps touch 6500-6600+ again within the next 36 hours. We may even go toward 6800. To be clear..I am not super bullish. I just think there are too many bearish. On the bearish side, things look so-so. It could be a bulltrap. I'd wager it is a beartrap now though.
4hour cloud has twisted bullish
rsi is nominal
stoch rsi nominal, pointing downward...sort of
volume is bearish on previous 4 hour candle
proprietary tool says we are going sideways
margin positions:
25.960k long vs. 38.49k short on btc/usd pair for bitfinex
I believe there is more reward to go long and I think we will squeeze shorts yet again and perhaps touch 6500-6600+ again within the next 36 hours. We may even go toward 6800. To be clear..I am not super bullish. I just think there are too many bearish. On the bearish side, things look so-so. It could be a bulltrap. I'd wager it is a beartrap now though.
25.929k long @ .009%/day && 39.429k short @ .011%/day. bitcoin on bitfinex seems to be at an all-time high in shorts. i think short squeeze has a high likelihood of occuring.