waroftheweeds

Some horizontal lines for BTC with shorts

Short
waroftheweeds Aggiornato   
BITFINEX:BTCUSD   Bitcoin
Prior lows becoming support to be broken

S1- $6,000
S2- $5,400
S3- $4,970

BTC is -25% from July 25th
BTCUSDSHORTS are +57% since July 25th

Short term is unknown, obvious targets are to test $6,000 (S1) and then finish off the shorts with a facemelter to $7,000 - $7,200 range before another dump to hunt for stop losses set by BTCUSDLONGS
Commento:
supports set using weekly timeframe, hence the imperfect 1D visuals
Commento:
itshappening.gif

another leg down to $6,250 and honestly I would be surprised if we just go straight to $6k. That being said, it will now probably happen
Commento:
even with a small squeeze, shorts are increasing. this looks like a MASSIVE trap being set for anyone with a stop loss
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