What's wrong with TA on open interest?
BTCUSDSHORTS is showing a rising wedge , which signifies a likely breakdown, along with the TD9 Sell on the 12hr I'd say shorting now is a risky bet.
just dead cat bounce, timber!!
+1 Reply
Timber again!
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Well that escalated quickly...

I must admit, I love watching the smaller time frame candles for Bitcoin. It's like Gold or Silver after an FOMC meeting. Are people really still adding more short positions at these levels? Crazy...
Once the squeeze starts to happen I see price quickly moving up to at least the 20 EMA on the D1 BTC/USD chart which is roughly 4300 giving a potential 30% run up in price. Considering the fact that we are at a new all-time high of Shorts price could overshoot on the way up and tag the D1 50 EMA which is going to be around 4800 - 5000 in the next couple of days. At current price we have room for a 50% increase for BTC alone.

This route would surely cause the most pain for the most traders at this point in time. Retail traders piling in on shorts are about to get crushed! lol
Record Shorts! I admit I'm now underwater with an average of 36 per LiteCoin but I see a MAJOR short squeeze coming here real soon. Started accumulating slowly Nov. 1st and have been making purchases since. Out of ammunition until end of the month but plan on dollar cost averaging once a month as long as price is below my average.

The market does whatever will cause the most pain to as many people as possible. Shorts be warned...
ro.goudreau MauiWaui
@MauiWaui, I thinks so to, the table is setting for a massive Short Squeeze.
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