BITCOIN Short squeeze. When?
Diupdate
Hello,
I'm using the vertical length of previous short runs to determine when the current one would end, using the intersection of vertical lines with the short trendline.
When this ends BTCUSD will jump. Probably breaking the bear cycle.
I'm using the vertical length of previous short runs to determine when the current one would end, using the intersection of vertical lines with the short trendline.
When this ends BTCUSD will jump. Probably breaking the bear cycle.
Catatan
3 days to go... BTC price is holding well, just like before the big squeeze of april.Catatan
It's amazing how a line can describe the financial markets. We have been stopped by the line and it's going down. Will it resume the uptrend? I think so because the same happened days earlier.Catatan
The surge in shorts managed to produce a drop in BTC value. And BTC didn't recover after the shorts dropped. That's a good point for the bears.Catatan
We actually tested a resistance level at '30k'.Catatan
What could happen : 
Catatan
Catatan
So the shorts are being sold. We need to wait to see the real impact. My prediction was probably wrong, it will be either happen sooner or later (if number of shorts go back up).Catatan
It went down further. I'm not sure if it's possible for the shorts to go back up, which is needed for this prediction to materialise.Catatan
They are reopening big shorts. A big squeeze is on the table again. Maybe in the next 3 days?Catatan
Look at how a line is the best tool to describe markets. Shorts are coming back to the trend. And BTC price is looking good. The exact scenario I have been describing is unfolding, but delayed.Catatan
Is it delayed again?Catatan
You can trust bitcoin to be boring.Catatan
I hope shorts will go back up. I see lots of negative ideas on here.Catatan
Shorts are high, as you can see. So we have a lot of potential upward momentum. Very good.Catatan
Shorts shorts shorts!It's probably market manipulation. They delay it so that things will happen for the ETF announcements.
Catatan
We are seeing a lower high.
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