While it is logical to assume that the bulls are the ones about to get squeezed, I am going to be a contrarian and bet on the SHORTs getting liquidated, big time.
Good afternoon my fellow Cryptocurrency trader, how are you feeling this Saturday?
Every now and then, every once in a while the market enters a fight between down and up. When tensions rise, when people become anxious, when greed is strong, that’s the time for a market squeeze to develop.
Seeing how good Bitcoin is doing, the strong Ether advance, how the altcoins are moving ahead and the rest, it is easy to rationalize that the market will squeeze all the over-leveraged LONG traders. I will repeat myself again, this is a SHORT squeeze.
Let’s wait and see. Prices are going up. 1 Billion in liquidations coming next.
Let the bears run. Let’s us start a mini bull-run phase.
Namaste.
