Continuing with the theme of the previous publication, when a large number of shorts come in bitcoin market makers tend to squeeze them, the same as with longs. This is how the "liquidity providers"/"market makers" make their money. This is in essence, the business model.
Anyway, as we are quite low already price-wise it seems a bit mad shorting here. As well as the W formation on the higher timeframes.
I'm predicting a short squeeze and bitcoin rise... we shall see... Que sera sera
Anyway, as we are quite low already price-wise it seems a bit mad shorting here. As well as the W formation on the higher timeframes.
I'm predicting a short squeeze and bitcoin rise... we shall see... Que sera sera
