Mr. Pips has been watching the BTCLongs and BTCShorts and is noticing some issues. BTC Longs are nearing an all-time high and shorts are what most would consider extremely low. Even the Longs are stacked the price has only slightly increased. If you've been following BTC for some time then you are sure to have noticed that the Whales love to squeeze positions in times like these. Any time the retail traders are stacked on one side the Institutional money drools at the mouth, as a feast is being served up on a platter! Conversely, you could look at this as a sign that institutional money has consolidated a tremendous amount of BTC thru the dark pool and is about to pump the price and exit for a large profit. Mr. Pips is honestly not leaning either way. However, one thing is certain. A BIG move is coiling up to be unleashed and if you're on the wrong side of it, you will get Liquidated or Lose a tremendous amount of capital! Keep a keen eye on the price movement and watch the action of the Shorts and Longs to get an indication of what is to come. If the Longs start dropping rapidly and shorts start spiking, that would indicate the whales are closing their Longs and price is about to Dump. If nothing else, I hope this gets your wheels turning this morning!
Mr. Pips wants you to have a blessed and Profitable day!
Mr. Pips Quote of the Day:
"The person who doesn't know where his next dollar is coming from usually doesn't know where his last dollar went!"
Disclaimer: All information provide by TheRealMrPips is for educational purposes only and is not intended to be trading advice or trading consultation. You are responsible for your own personal finances and trades!
Mr. Pips wants you to have a blessed and Profitable day!
Mr. Pips Quote of the Day:
"The person who doesn't know where his next dollar is coming from usually doesn't know where his last dollar went!"
Disclaimer: All information provide by TheRealMrPips is for educational purposes only and is not intended to be trading advice or trading consultation. You are responsible for your own personal finances and trades!
Comment:
Mr. Pips is starting to think that we might actually be gearing up for a huge pump! When shorts are at ATH's, there is usually a short squeeze. When Longs are stacked and the price is not reflecting the amount of Longs, there is almost never a squeeze(historically speaking). Instead, The Longs tend to sell off as the price pumps and positions are closed to take profit. Mr. Pips is actually about 80% leaning towards the price spiking up. Most traders by now have become aware of the huge number of longs and are expecting there to be a squeeze. This is the exact situation institutional money loves to exploit. I could see a flash dump happening to entice some more shorts before BTC runs up. Either way, Something BIG is on the horizon. Stay alert my friends.
