BTCUSD ShortsUpdated BTC/USD - Long term support may hold, short squeeze coming
BTC/USD long interest is very low on Bitfinex, while short interest is again skyrocketing - see the chart above. I'm expecting a big short squeeze again. Plus, long term support for BTC may hold, so we may start to slowly go up long term from here.
Therefore, I went 50% long BTC today.
Therefore, I went 50% long BTC today.
Note
I bought more BTC today and went 100% long. I'm expecting a massive short squeeze. See my other post which shows BTC/USD short/long ratio at all time high for 2018.Note
I now think that we will have limited upside potential, and I have changed my exposure in BTC accordingly.
It is all Fibonacci.
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It is all Fibonacci.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.