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!
Hedged short today in the high $6500s
Intra-day I'm seeing an inverted ascending triangle, as well as a bull flag on.
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.
Market Makers painting intra-day bear flags to attract more and more shorts.
Bear flags highlighted with triangles,
Short reactions highlighted with circles
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: