Shorts are really stacking up as you can see below:
Shorts have really been stacking in and they have not been able to move the price... and just yesterday about 6000 BTC went short and are sitting in no profit/loss positions. A push up into the 6600-6800 stops range could start a dramatic short squeeze. The manipulation of this may pair with upcoming FUD with the Proshares Bitcoin ETF getting denied on Thursday (if it does) which I think will lead people into a fake 6k breakdown that ends up in an epic short squeeze popping all the shorts stop losses/liquidation....but the pressure is boiling over.
This is not a time to be capitulating by going short on margin, especially if its pushed towards 6k... you are absolutely playing with fire... just a heads up, not financial advice.
Whatever you do keep it rational... no more than 2-10X.
Let the battle begin, good luck bears and bulls alike!
Shorts have really been stacking in and they have not been able to move the price... and just yesterday about 6000 BTC went short and are sitting in no profit/loss positions. A push up into the 6600-6800 stops range could start a dramatic short squeeze. The manipulation of this may pair with upcoming FUD with the Proshares Bitcoin ETF getting denied on Thursday (if it does) which I think will lead people into a fake 6k breakdown that ends up in an epic short squeeze popping all the shorts stop losses/liquidation....but the pressure is boiling over.
This is not a time to be capitulating by going short on margin, especially if its pushed towards 6k... you are absolutely playing with fire... just a heads up, not financial advice.
Whatever you do keep it rational... no more than 2-10X.Let the battle begin, good luck bears and bulls alike!