i get this feeling that it's possible we could see a significant short squeeze going into the end of this month.
we have the full moon in 3 days, and the market has been very strong going into it.
cpi data on wednesday could be the catalyst for this squeeze.
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btc is currently poking a major level (labeled as a black box on my chart)
if it could successfully push through it, it'll open a door to this shirt squeeze.
---
there are three major targets overhead:
-25,858
-29,121
-32,796
one of these levels will be the cause of a massive rejection which will send bitcorn tumbling back down into the crypto abyss.
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ps. i'm not saying that a short squeeze will happen, but i am saying that it's possible that it does happen, and you should be prepared for it just in case (if you're a bear).
we have the full moon in 3 days, and the market has been very strong going into it.
cpi data on wednesday could be the catalyst for this squeeze.
---
btc is currently poking a major level (labeled as a black box on my chart)
if it could successfully push through it, it'll open a door to this shirt squeeze.
---
there are three major targets overhead:
-25,858
-29,121
-32,796
one of these levels will be the cause of a massive rejection which will send bitcorn tumbling back down into the crypto abyss.
---
ps. i'm not saying that a short squeeze will happen, but i am saying that it's possible that it does happen, and you should be prepared for it just in case (if you're a bear).
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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.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
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.