Start of a long term, high profit trend. Has continued short interest in the face of reg-sho forced buybacks (buy-ins), brokers are forcing people to cover at a loss and now have the stock on not able to borrow lists. At historically low levels with support and high bullish volume. Reward to risk favors the longs, a wise portfolio investment.
A record high of 20k shorts currently open on bitfinex. Its just a matter of time before this blows up... Sellers are pretty exhausted at this point of time, but that still does not stop stubborn bears from shorting the bottom.
Targeting 1920 yuan in china for the short term. Yesterday's short squeeze was interesting but the price has retraced over 78% already. ABCD continuation and an analysis of short squeezes suggests 1920 is a good target area; I will close my short in that area if I get other technical confirmation.