CME will accumulate new short positions soon

break resistence line ?

@PhoenixTraders1, yes, looking bullish

If this is such an obvious move which idiot is selling them the short contracts ? Why would they tie up two lots of capital - one on the short contract at 44% margin and then the 2nd one in selling BTC to keep the price down ??

I think these shorts will get squeezed eventually.

do you think if manipulators will play with BTC for a long time, eventually altcoins will separate themselves from BTC? for instance EOS did really good yesterday, against BTC and USD.

I begin to see.

I'm all in on that one!

Hey friend

I respectfully agree with the idea, disagree with upward correction targets. But I know you don't use strict Elliott waves ;)
If this rebound is a bulltrap (which it most likely is in terms of probabilities, I agree, even if we must prepare for a potential bear trap), then I doubt we will see higher than 10k, which is your A wave.

Otherwise, wave 4 of the downward last wave would step on the wave 1. This is not uncommon in crypto's, but still risky business

@Nidalas, Okay I agree with you, they could hit short on 9400 price level