You'll see SHORTs and LONGs increasing at the same time but SHORTs were not high enough to attempt a SHORT SQUEEZE. As you can see they intersect so perfectly that the Black Cross (LONGS) and the Red Circle (SHORTS) OVERLAP which has never happened during the correction. Coincidence?? Or a just great indicator??? I'll let you decide...
In addition, I tried to re-create a possible scenario that could indicate another SHORT SQUEEZE possibility. As I mentioned the other day SHORTs and LONGS are both increasing, which raises the possibility of a SHORT SQUEEZE, which implies a BULLISH SPIKE which might trigger the next BULL MARKET. In order to see this we need SHORTs and LONGs to keep going up at the same time. SHORTs getting liquidated or stopped out would fuel the whale BUY ORDERS and the LONGS would fuel the FOMO of the pump.
In order for this to happen we need another important KEY LEVEL and to be honest we are already in the right zone... the problem is that it might happen anywhere at 4k, 3.5k, 3k... we just don't know... if we knew it, there would be NO SHORT SQUEEZE LOL... It's going to be a surprise by the whales....
So in my opinion the only way to predict or even consider this scenario is to keep looking at SHORTs and LONGs and see how things play out over the next few days. I don't think we've seen the PANIC yet...
Hopefully this can help you to make better decisions now that you might understand how manipulators play the market.
Please..
For further any queries
Ask @luckys