BTC Short Chart... History repeating itself?
This is for educational review. This is not financial advice.
Wanted to show that a short squeeze can move the price up impulsively on the flip, but doesn't indicate a bull market. More likely just the big boys taking retail heroes money who don't have enough margin to cover shorts. Everyone was eyeing 7500 as a stop loss but the real stop loss is at nearly 9K before we reach meaningful levels. Got to have deep pockets to play in the range we're in now, unlike 10-20K.
M
Wanted to show that a short squeeze can move the price up impulsively on the flip, but doesn't indicate a bull market. More likely just the big boys taking retail heroes money who don't have enough margin to cover shorts. Everyone was eyeing 7500 as a stop loss but the real stop loss is at nearly 9K before we reach meaningful levels. Got to have deep pockets to play in the range we're in now, unlike 10-20K.
M
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