Bitcoin, The Great Shakeout| Short Squeeze Fractal

BITMEX:XBT   Bitcoin / US Dollar Index
There's a short squeeze brewing, all the bulls know it.
Perma Bears are still shorting. What's the big picture trade?

Well, our previous long entry at $6040 for the squeeze was viable and currently still in profits.
A hedge Short was opened at $7370

Analysis of the previous squeeze occurring on 4/7 demonstrates a possible fractal in 6 phases:

Phase 1
Swing low, followed by an initial peak ,
Which are labeled on both charts.
(swing low) (initial Peak),
During that period BTCUSDSHORTS declined.

Phase 2
Initial peak to HL (higher low)
Once again labeled on the chart.

Then Phase 3
C for channel, in both cases a rising wedge . That bounced off 61.8% fib
Previous fractal was a perfect bounce, this time around, not quite.
The end result is a LH, lower high
BTCUSDHSHORTS pullbacks, then goes parabolic

Phase 4
A pullback from LH @ CI , to form HL2 @ fibo %23.6
Expected current target for BTC HL2 $6400

Phase 5
Projected in the near future, yet present on 4/7 fractal .
C2 should draw in even more Shorts to squeeze.
Climbing from fibo %23.6 to %50

Phase 6
Final Shakeout, Drop back down to fibo %38.2,

Then the rest is history.
Initial Target after squeeze, is $10,000 @ Fibo % 161.8

If you're asking why,
Well observing the Shorts chart,

Bulls need to give up hope, and bears need to believe they're actually winning.
The objective: increase leveraged shorts for a mega squeeze
burn out all the bull hopium
Shake everyone out,
then finally Moon it :)

Trade active:
$6400 Target reached for short.
Short closed.

$6300 was longed
$6500 is hedged short in case trade doesn't go in favor.

I expect chop through the channel, Long target $7100
Comment: Added Fib Timezones to both fractals
I expect to see a big movement on 9/18- 9/19
Around the 9/21st SEC ETF announcement
Trade active:
Hedge from $6500 was closed at $6100

Previous long stopped out,
Knife was bought with kevlar gloves
Long open at $6170

Looking for new high to hedge short.
Comment: Fractal Still in Play
Hedging short is a way to insure profitability

Current Low still higher than previous low,
I'd like to see an upwards retracement to $7100
Trade active:

Fractal is on track for LH,C2
Long still open at $6170
Looking for 6800 T1, to re-assess feasibility of $7100
Comment: Good fractal progression,
I expect further continuation

We are back up and ready to rocket. Want to see how George’s team stays ahead of the curve??
Great thorough analysis... I've been watching shorts and longs closely all year, analyzing the charts as if they were an altcoin. I started predicting a short squeeze myself months ago, going as far as to say I was 90% certain of it after the last time it recovered from $6k. I had almost given up on it during the somewhat slow decline of BTCUSDHORTS recently, but now it's right back up to point X of the short-term bearish butterfly I pointed out(and just under a long-term uptrend line).

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