Here is why I think we will see a huge $1000+ candle soon... (similar to the one from $6700 to $8000+ back on April 12)
Here is what many people may be thinking:
Now... let's look back at ETH on April 12, the day Bitcoin went up ~~19%...
Would you look at that ETH also went up about the same as Bitcoin that day.
But sir, there weren't many shorts on ETH that day how is this possible?
This is why:
Where are you going with this you may ask?
I think ETH margin short positions will be the "catalyst" for the next huge short squeeze on all BTC, ETH, and LTC against USD (not looking at these against BTC).
Here is what many people may be thinking:
Now... let's look back at ETH on April 12, the day Bitcoin went up ~~19%...
Would you look at that ETH also went up about the same as Bitcoin that day.
But sir, there weren't many shorts on ETH that day how is this possible?
This is why:
Where are you going with this you may ask?
I think ETH margin short positions will be the "catalyst" for the next huge short squeeze on all BTC, ETH, and LTC against USD (not looking at these against BTC).