VerthagOG
Long

BTC SHORTS REKT . BULL RUN COMING . Pull back expected

BITFINEX:BTCUSDSHORTS   BTCUSD Shorts
A short squeeze is a big risk associated with short selling. If the price starts to rise rapidly, the trend may continue to escalate because the short sellers will likely want out Two measures useful in identifying the commodity at risk of a short squeeze are (a) short interest and (b) short-interest ratio. Short interest refers to the total number of shares sold short as a percentage of total shares outstanding, while short-interest ratio (SIR) is the total number of bitcoins sold short divided by the bitcoin’s average daily trading volume .

Keep in mind that when a short position gets closed it actually creates a buy order.

After a prolonged period of moving within the range, stop losses start to pile up. And so, even a small movement in the market can trigger a chain reaction of stop losses all at once and lead to a breakout on the charts, which we’ll get to below.


Comment: Down Down Down to the goblin town .
Comment: Decision Time
Comment: Shorts Rekt
Is is better to miss 100 trades rather than facing 50% loss
looks like a massive short squeeze mate, looks like up to 6850 and back down to 6k, lets see :) thx for chart!
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love your analysis
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longs are piling up right now, ready to get rekt
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good to see you active again
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Nice work on the TA, well done
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lets see, whats gonna happen? :)
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VerthagOG erelerel
@erelerel, yup lets see
+1 Reply
REALLY like your analysis thank you susie
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good to see u charting again, been a while? or just missing your updates?
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