BTCUSD: And even more bad news for bears!
Diupdate
Hello my friends!
It was the largest percentage increase of shorts ever. Btw I would never short BTC after a 50/60% move down. The risk reward is way too high.
You all know for example from gamestop what a short squeese can do and how the price bounces. In the last two weeks, the shorts have risen by about 2300%. For comparison, at the last strong drop in march 2020, the increase was only 300%. So for me, this means that a large number of shorts will be closed. When the price was at 60k, the shorts were down. Now at 35k, a lot of people are getting in. Not understandable for me. I estimate for most shorts the stop areas will be at around 40/42k. Therefore I expect a pump to liquidating the shorts. And the smart money might get some $ soon. Lets see.
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Let's see what happens.
Happy trading. :-)
BTCINVESTING
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My 2. Post "Another bad news for bears!" Jun 7, 2021
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My 1. Post "Bad news for bears!" May 31, 2021
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My Post Apr 18, 2021
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My Post Nov 19, 2020
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My Post Apr 15, 2019 (2 year ago!). I was one of the first btw. ;-)
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It was the largest percentage increase of shorts ever. Btw I would never short BTC after a 50/60% move down. The risk reward is way too high.
You all know for example from gamestop what a short squeese can do and how the price bounces. In the last two weeks, the shorts have risen by about 2300%. For comparison, at the last strong drop in march 2020, the increase was only 300%. So for me, this means that a large number of shorts will be closed. When the price was at 60k, the shorts were down. Now at 35k, a lot of people are getting in. Not understandable for me. I estimate for most shorts the stop areas will be at around 40/42k. Therefore I expect a pump to liquidating the shorts. And the smart money might get some $ soon. Lets see.
--
Let's see what happens.
Happy trading. :-)
BTCINVESTING
--
My 2. Post "Another bad news for bears!" Jun 7, 2021
[url=
My 1. Post "Bad news for bears!" May 31, 2021
[url=
My Post Apr 18, 2021
[url=
My Post Nov 19, 2020
[url=
My Post Apr 15, 2019 (2 year ago!). I was one of the first btw. ;-)
[url=
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Catatan
maybe a nice breakout. lets see if its strong enough.Catatan
Updated chart: Look what is actually happening. The shorts dropped by over 80% in 4 days. Catatan
$ 111,000,000 of shorts liquidated in 10 minutes, yesterday.
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BTCINVESTING 😃
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Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
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BTCINVESTING 😃
---
Free Telegram Channels coming soon!
Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
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