bitcoin shorts have exploded over a 1000% in the last 24 hours as billions of dollars worth of BTC shorts attempt to dump on the market and as the whack-off pattern approaches phase D.
Will bitcoin shorters have the last laugh and as bitcoin struggles to maintain its daily time frame support?
The Wyckoff pattern coming to completion what phase are we in of this pattern and as well why have we have seen such an amazing insane amount of short positions increased just today as also the long positions are pretty high as well but the shorts have just exploded.
We have the accumulation schematic here for the whack-off events and phases. We’re currently in speculatively a lot of people believe past phase A and phase B. We’re in the spring and kind of like a little test here. Ideally, we set higher lows as we kind of prepare here for a mega blast-off and that is what phase D encapsulates a mega blast off here before phase E. This is just a very testing time here.
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