BTC Update Short squeeze

in #btc • 6 years ago

Thanks for coming to read today's analysis. Last day we have seen parabolic up of short sellers. Many retailer traders have started short. Now at the same time 100 million usdt has been printed. Its enough to liquidate them.

When we see huge amount of printed usdt and transferred to bitfinex we expect a pump. However we have major resistance at 7500. I think whale may take us to 8k if they want.

However is bear trend over not yet we have not made higher high. If we create another lower low. Oh no again dump I hate that.

We just broke 0.5 fibo level with momentum and we are now testing it as a support. If support held easy way to go to 7500.

What do u think let me know in comment.

#crypto #analysis
6 years ago in #btc by
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     6 years ago 

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