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BitcoinBearSlayer

BTC - The shorts have broken to the downside

Long
BTCUSD Shorts (BITFINEX:BTCUSDSHORTS)  
BitcoinBearSlayer Updated   
BITFINEX:BTCUSDSHORTS   BTCUSD Shorts
Chart Patterns Trend Analysis Wave Analysis BTCUSD BTC Bitcoin (Cryptocurrency)
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chartpattern trendanalysis waveanalysis btcusd btc bitcoin
If you look at what has been happening with the price of bit-coin lately and compare it to what is now happening to the bit-coin shorts you can probably guess where this may be heading. If a full blow short squeeze develops we should see a significant increase in the bit-coin price. Maybe 1K+ in a very short time. Woe to those using leverage!

As you can see in this chart the bit-coin shorts have topped out and have now broken out of the upward channel to the downside.
Comment:
Some say TA on shorts does not matter. Look at the shorts and look at the current bit-coin price. I'd have to say they are related.

snapshot
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Comment:
Same 60 minute time frame

snapshot
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