Do you think targets of 5k and 6k are easy? Well then my friends, you need to read this.
On 12th April 2018, many saw the squeeze coming but paid no heet to the clear signs. Guess what happened to them?
BTCUSDLONGS and BTCUSDSHORTS are almost at a 1:1 ratio. That means this is the perfect opportunity for whales to step in and create a squeeze. That doesn't mean it'll turn into a bull rally. It means that it will be yet another failed breakout/rally. Times like these are when everyone should be prepared. Let's not let the whales take us, the retail traders for another ride. End short positions with a limit order or at least put stops. BTCUSDLONGS BTCUSDSHORTS BTCUSDLONGS/BTCUSDSHORTS
I'm not trying to spread FUD, I'm simply trying to say I'd rather be safe than sorry.
Know this, Whales and Institutional Investors are not our friends but our foes. They make money off our mistakes period.
As Sun Tzu stated in the Art of War, "Invincibility lies in the defence; the possibility of victory in the attack."
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This was the squeeze we got in the following hours
1:1 shorts/long, RSI under 0, stoch RSI low. It's indicating a small bounce up
ShounakShetty
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@tuanngcrypto, This analysis is not based on technicals. I'm simply going by the strategies that institutional investors use. Right now is the best time to produce a squeeze.