Cryptoguppie

Short squeeze and possible inverted head and shoulders?

Long
COINBASE:BTCUSD   Bitcoin
I'm seeing some indications that a short squeeze, a higher high, and a possible break above 10K could be triggered by a few big buys. This chart is a little bit cluttered but bear with me. The shorts are going parabolic and heading to test their ATH. The last time the shorts were squeezed from these levels was in April when the price jumped $1100 in one hour. With very little follow through BTC was able to gain an additional 23% before reversing to the downside. A similar squeeze now would break the $6800 resistance and bring us to the $7600 resistance with very little effort. The fomo buying pressure off of a move like that could very easily break the Inv H&S neckline and not only give btc a higher high but a target of almost 11K. The masses are clearly thinking the price will drop with the shorts stacking up. This could be the unexpected area that the trend reverses from.
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