Linkeex

Linkeex

The head and shoulders has been more or less confirmed. As we have a tone of resistances and not a lot emotional strength to begin or continue our short term bull rally, we will likely see a break not only of the current lower support line but also of the head and shoulders support line. In my wishful thinking we will perform a adam and eve bottom and then got...

Linkeex

The point I'm trying to make with this chart is that currently taking no position at all is the best choice. A bet on a continuing bull market would result in a 1:1 risk/reward, which is bad. Shorting might be an option that I didn't consider.

Linkeex

An updated chart of my shortsqueeze idea

Linkeex

A shortqueeze will happen in the next couple of hours. This is how it's going to play out.

Linkeex

We see it because a lot of people bought in in the blue marked area. We they saw, that they were about to make a loss and the trend doesn't continue upwards they sold. Simple as that.