Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
ivomm
on 09/03/2022, 09:57:38 UTC
Quote from: d_eddie on Today at 05:59:31 AM
Quote from: d_eddie on March 04, 2022, 08:33:35 PM
Quote from: ivomm on March 04, 2022, 08:29:02 PM
Quote from: ivomm on March 04, 2022, 10:09:51 AM
500 mln newly opened futures longs in the last day in Binance. This is calling for a new long squeeze. They missed the train last week, so they will try to catch it in motion. Good luck, n00bs! After they are liquidated I expect next week to get to 50K.

Well, this wasn't hard to predict. The usual long squeeze tax n00bs are paying to the casinos exchanges. Nothing to see here, move along!

It doesn't look like a long squeeze - it's a bit too deliberate.

Disclaimer: TA incompetent.

Now this looked like a proper short squeeze!  Grin

May be this time the short squeeze will be extended above the resistance at 45K. Bears are still way too confident and opened a lot of new shorts in the last hours. I see nothing but good news for Bitcoin, so the chances for another pump in the 50K area are good.