GeorgeSaber
Long

Bitcoin, Incoming Short Squeeze

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Short interest is growing parabolic, and Bitcoin's price isn't making lower lows,
While market dynamics mimic November 2017, in terms of Market Cap and BTC Dominance.

Historically, the last 3 times short sellers overtook longs in terms of %,
Bitcoin squeezed shorts, and went on a rally.

I believe history is about to repeat itself!
Aug 18
Trade active: Still Long from $6041
Hedged short today in the high $6500s

Intra-day I'm seeing an inverted ascending triangle, as well as a bull flag on.
Aug 18
Comment:
Bear divs on the daily, BTCUSDSHORTS chart,
With a recent RSI Double top.
I'd like to see more shorts pile in to increase profitability of the incoming squeeze.
Aug 21
Comment: The Bear Trap is getting more and more real,
Market Makers painting intra-day bear flags to attract more and more shorts.
Bear flags highlighted with triangles,
Short reactions highlighted with circles

Comments

BTCSUSDSHORTS at previous all time high,
Directional (ADX) index past previous peak (Turning point) and headed to all time high turning point.

Bearish RSI Divergence on RSI is strong


Here's my latest update on the situation:
https://youtu.be/A5RQj5Rhwgg?t=17
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Interesting view
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