Cryptoguppie

Cryptoguppie

You'd think the bitmex pump which was accelerated by a small pull back in the shorts would have been a warning shot to the late shorts but apparently not. Keep in mind... Small pull back in shorts caused a pump through the strong resistance of 6600-6800 up to just shy of $6900. Another factor is that the longs are no where near as high as they were back in April...

Cryptoguppie

I'm seeing some indications that a short squeeze, a higher high, and a possible break above 10K could be triggered by a few big buys. This chart is a little bit cluttered but bear with me. The shorts are going parabolic and heading to test their ATH. The last time the shorts were squeezed from these levels was in April when the price jumped $1100 in one hour....

Cryptoguppie

For starters I'm not claiming to be a TA master, but in looking back at BTC I have found some similarities to 2013. Feedback is more than welcome, let me know why it could or could not be possible for BTC to be further back in the cycle than most are thinking it is. I'm not a bull or a bear, just throwing an idea out there and looking for some constructive...