December 2022 = major short squeeze???

Boring times in the crypto market so great opportunity to analyze deeper than usual. What I have found is that when BTCLONG crossed above RSI 50 level (monthly close March 2021), a long squeeze followed and it is still going on since April 2021. With monthly closure of November 2022 BTCSHORT will close above RSI 50 so I wonder whether there would follow a major short squeeze like, long squeeze in April 2021. I draw a Fib retracement and maximum pain for both sides show us a price level of around $ 31000. Maybe a Santa rally till this level is coming? What do you think?

Yorum:

with 1 month delay short squeeze came