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JohnNMex

Incoming short squeeze or is the bottom close?

Bitcoin (BITFINEX:BTCUSD)  
JohnNMex Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) bitcoinforecast BTCUSD BTCUSDT XBTUSD
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At or near the last 2 bottoms the number of shorts was at an extreme level. Could this time be the same? For the moment on the high time frames we have bullish divergence on MACD, RSI and Stoch RSI.
Comment:
Comment:
snapshot

Reasons for buying at 6k? right at the support of the fork, bullish divergence on major TF (inclunding daily) on RSI, MACD and SRSI also had bullish divergence on major TF, W bottom on bollinger bands, shorts at an extreme level.
Comment:
snapshot

Short squeeze.

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