Watch the BTCUSD Shorts chart before going Short in future
I found something very interesting which I am going to at least consider on top of my normal technical analysis before going Short in future. This may be useful for my followers hence I thought to share it here. If you see the chart above, you will notice that every time there has been a Regular Bearish Divergence (Price is making Higher High and whilst RSI is making Lower High) or a Hidden Bearish Divergence (Price is making Lower High and whilst RSI is making Higher High) Short liquidations occurred and BTCUSD price pumped big time resulting from the short squeeze.
I have also marked the danger zone (red rectangle) for Shorts which has been acting as resistance since April 2018.
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