jakeno
Short

BTC SHORTS at ALL TIME HIGHS. Prepare for bullish BTC.

BITFINEX:BTCUSDSHORTS   BTCUSD Shorts
I expect a possible $3100 BTC before shorts dump entirely, but this will likely happen fast.
In the short term (7-9th december) I'm expecting a minor BTC retest to 3.6k, but next week, or even this weekend, once $3-3.4k BTC is fulfilled, prepare for a bullish BTC .
Comment: Shorts have rather disconcertingly destroyed the resistance for the first time ever. On a TA basis, this means a pullback is required for shorts (aka $3600 btc resistance tested), otherwise it's a fakeout, leading to what I think will be a massive $800-$2000 short squeeze due very soon. Have to remember that BTC is falling only due to TA and capitulation and nothing staggeringly fundamental so it is in essence falling for no reason except scared holders.

60% of the market are now short and it is falling for little fundamental reason; put 2+2 together.
Comment: Shorts chart beginning to double top. Not quite moving how I expected but $4700 BTC should be fulfilled before the end of December - to complete the shorts double top it would be logical for BTC to reach $3000 first.
Comment: BTC is rising nicely, as I said. Looking for $4k soon.

Give my posts a thumbs up :)
Comment: Shorts really need to break below 27.4k for bullish BTC continuation towards 6k. God knows what happens beyond 5K
higher lows printing on shorts chart suggests a break to around $3200 for btc and lower is likely
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out