retskcirt

retskcirt

Going on with the theme of the short squeeze; We now see a W formation at the lows on 5 min time frame as well as 15 min. There is also the W formation on the higher daily timeframe and weekly. Also notice how we hit a round number at the bottom there, that's the market makers orders usually. Now pump it up!

retskcirt

Double tops or "M"s usually mean dumpy times. If this is the case for btc shorts, it could indicate that btc will pump from liquidating the shorts. Or pump *to* liquidate the shorts. Just a thought.

retskcirt

Continuing with the theme of the previous publication, when a large number of shorts come in bitcoin market makers tend to squeeze them, the same as with longs. This is how the "liquidity providers"/"market makers" make their money. This is in essence, the business model. Anyway, as we are quite low already price-wise it seems a bit mad shorting here. As well as...

retskcirt

We go back to gaps + a lot of shorts coming in. Looking back in the charts whenever a lot of shorts come in the market maker usually tries to reverse price to liquidate them, just a thought.