Crypto_Botnet

Shorts still extremely high - no squeeze yet

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Shorts are still extremely high. On the 1D-chart you see we didnt have a real short squeeze yet. Also Yesterday some wallet moved 100 Million $ worth of BTC to Bitmex.
Comment: Other than expected it was not a sudden spike to smoke the shorts but a slow bleed. Shorts are down about 40% from ATH, we can move on now.
This is about to squeeze HARD!

And funnily enough, shorts keep rising.

I closed my short and went long at 6250, I'm expecting a move to 6800-7000.
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@mbooker99, I reckon they wont make it too easy. Everybody is now waiting for the big squeeze. Even CNBC fast money called for it. CNBC is usually a very reliably counterindicator. Lets see how it plays out, but im in favor of the shorts being squeezed eventually, maybe slow and bleeding (only upwards).
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@mbooker99, and 6.8k sounds reasonable im looking at that level too.
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