You're all f---ing dead and you don't even know it, yet. Calling it... we don't get higher than $395 on this rally and we may have already seen the top. Back down to the low, low 300s. The bears haven't even placed most of their reserved shorts on the market, yet. This is going to get ugly.
Whatcha mean? Shorts are up 50% in the last 36 hours? Seems ultra bullish.
It would be... if they had already entered their shorts. Those are just reserved Bitcoin swaps that can be entered as shorts at any time... I mean, unless you saw about 6,000 BTCs fly off the board in one fowl swoop. Also, look at the one day... the wave is closing and the downdraft will be lower than the last proximate bottom.
Dude, I'm thrilled for people who took a long and made some money, but you might want to find the next short wave peak to exit... if you are lucky you might catch 380 or 390... but, absent the ETF breaking in the next couple of days or something dramatic, your bets are going to start turning against you.
Note: I don't even have a position so I'm not even just talking my book (moms needed some money short term so I'm outta the game for about a week). You guys are some randos that I shoot the s--- with on, here, so as much as I like s--- talking, I want to see you all win this game. So, at least rethink your position. I think it's turning against you... I can be terribly wrong... but look.