Hit yesterdays call nicely to break out of the downward channel. The best part?.... Shorts are now pressured.
Those who 10x yesterdays selloff low will have a liquidation price around 50K, that's when we can get the full force of the short squeeze. Those smart enough closed the shorts and sent the price up to a new ATH this morning. But those still holding will be the fuel to get us to +50K. And the 25, 50, 100x'ers which are shorting this pullback are going to help break this triangle upwards. Short squeez-iiiiieeee
If we happen to break downward or if we are still on the hunt for support, it should be above 46K. We pushed through a lot of resistance this morning and now have it as support :)
Those who 10x yesterdays selloff low will have a liquidation price around 50K, that's when we can get the full force of the short squeeze. Those smart enough closed the shorts and sent the price up to a new ATH this morning. But those still holding will be the fuel to get us to +50K. And the 25, 50, 100x'ers which are shorting this pullback are going to help break this triangle upwards. Short squeez-iiiiieeee
If we happen to break downward or if we are still on the hunt for support, it should be above 46K. We pushed through a lot of resistance this morning and now have it as support :)