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EagleView777

BTC/USD - Long term support may hold, short squeeze coming

BTCUSD Shorts (BITFINEX:BTCUSDSHORTS)  
EagleView777 Updated   
BITFINEX:BTCUSDSHORTS   BTCUSD Shorts
Trend Analysis Chart Patterns
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trendanalysis chartpattern
BTC/USD long interest is very low on Bitfinex, while short interest is again skyrocketing - see the chart above. I'm expecting a big short squeeze again. Plus, long term support for BTC may hold, so we may start to slowly go up long term from here.

Therefore, I went 50% long BTC today.
Comment:
I bought more BTC today and went 100% long. I'm expecting a massive short squeeze. See my other post which shows BTC/USD short/long ratio at all time high for 2018.
Comment:
I now think that we will have limited upside potential, and I have changed my exposure in BTC accordingly.
It is all Fibonacci.
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