We know that there are too many shorts at the moment. It is a matter of time before the bears capitulate. When? This is an attempt at answering this question. We know we are at a strong support right now, so let's draw some support and resistance lines and see where they cross, to figure out when a breakout can happen.
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I draw my channel assuming that sometimes we break out of them. The upper green line for example corresponds to a channel that was broken out in early april. But we went back inside it.
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Btc shorts are getting higher, form a parabolic trend. This btcshort chart will crash soon. Beginning of a string uptrend confirmed .
I even got the price right.