BTC/USD - Long term support may hold, short squeeze coming

2018年8月14日

BTC/USD long interest is very low on Bitfinex, while short interest is again skyrocketing - see the chart above. I'm expecting a big short squeeze again. Plus, long term support for BTC may hold, so we may start to slowly go up long term from here.

Therefore, I went 50% long BTC today.

2018年8月15日

註釋

I bought more BTC today and went 100% long. I'm expecting a massive short squeeze. See my other post which shows BTC/USD short/long ratio at all time high for 2018.

2018年8月17日

註釋

I now think that we will have limited upside potential, and I have changed my exposure in BTC accordingly.