Impending short squeeze.

15 Agu 2018

Looking at just Bitfinex shorts its clear theres a massive amount of active shorts eerily similar to the last two huge short squeezes in the past in the circles. I'm making the bet of another short squeeze coming up as the sheer volume of shorts right now is ridiculous. If we remain or hover around 6250 for a bit we might see another repetition of history. However I doubt we'll break past the previous two highs, if by some chance we do it could mark a major trend reversal in the market, but if it plays out as I expect it will be confirmation that eventually we'll break below 5800 support.