Total leverage exposure is starting to reach towards lows which have been seen at each previous top preceding a dump in this market.
Longs have increased from 20k to 30k from $6k
Shorts are reaching the 20k lows which we have seen in advance of each previous dump
Conclusion – Retest of 3k coming.. eventually it will be but prly need to clean these longs out first.
We are entering into an extreme dangerous zone for shorts. Whenever BTCUSDLONGS v SHORTS gets under 1 (more shorts than longs) the chance of a major short squeeze grows rapidly. When the ratio gets to between .6 to .8 the squeeze is virtually imminent, and it is often violent.
We are currently at .62, which is effectively the all time low.
The reason why this ...
This is a perpetual continuation of Margin Market Analysis where I am using WIP experimental circle fibs analysis retrofitted here.
We already got our Year's Lowest Low, following by a second wave and now we are heading to a return to MA on 3rd wave while Spot market got to our 3.1K Bear target and should start it's first wave now. So they look for first time in a ...