Short interest is growing parabolic, and Bitcoin's price isn't making lower lows,
While market dynamics mimic November 2017, in terms of Market Cap and BTC Dominance.
Historically, the last 3 times short sellers overtook longs in terms of %,
Bitcoin squeezed shorts, and went on a rally.
I believe history is about to repeat itself!
While market dynamics mimic November 2017, in terms of Market Cap and BTC Dominance.
Historically, the last 3 times short sellers overtook longs in terms of %,
Bitcoin squeezed shorts, and went on a rally.
I believe history is about to repeat itself!
Trade attivo:
Still Long from $6041
Hedged short today in the high $6500s
Intra-day I'm seeing an inverted ascending triangle, as well as a bull flag on.
Hedged short today in the high $6500s
Intra-day I'm seeing an inverted ascending triangle, as well as a bull flag on.
Commento:
The Bear Trap is getting more and more real,
Market Makers painting intra-day bear flags to attract more and more shorts.
Bear flags highlighted with triangles,
Short reactions highlighted with circles
Market Makers painting intra-day bear flags to attract more and more shorts.
Bear flags highlighted with triangles,
Short reactions highlighted with circles
Bear divs on the daily, BTCUSDSHORTS chart,
With a recent RSI Double top.
I'd like to see more shorts pile in to increase profitability of the incoming squeeze.