Trade Confident
BITCOIN – “SOOOO…SHORTS JUST EXPLODED!” [MISTAKE OR CRASH COMING?]
In this video, I’ll show you how Bitcoin shorts just exploded on the Bitfinex exchange and we’ll go over if we think this is real or if this could have been a mistake and what to do if this is a precursor to a huge drop. 🚨 March 12 Update: It looks like the huge short increase on Bitfinex was real. Here is an article that talks about it: / Two outcomes I see, either the market drops and we hit more buy limits, helping bring down our break-even entry prices, or we could push these shorts into a short squeeze and this could skyrocket the price of the alts and Bitcoin. (A possible GameStop moment) The short increase is most likely due to a bearish sentiment expected from the US Federal Open Market Committee (FOMC) meeting next week on March 15 (Tuesday). I am keeping all positions open and not closing any trades. I am monitoring this with the team and if we need to make any trade adjustments, I will post them here. Currently, the BTC price is not reacting to this news and is slightly up in the last 4 hours. Keep an eye out here for updates. Have a great weekend everyone 🙂 We will also look at the following Bitcoin Metrics: – Bitcoin Emotional Index – Bitcoin Long vs. Short Trades – Bitcoin Market Cap Strength – Bitcoin Trading Risk Today – Bitcoin Whale and Institutional Smart Money – Bitcoin Dollar Cost Average (Buys) – Bitcoin Exit Points – Bitcoin Best Trade Setup Today 🎉 Access our Trade Setups, Metrics, MasterClasses, and Telegram: 🛍 (82% Off Today!) Get Our Indicator Bundle! : Follow Me: ❤️ SUBSCRIBE for Live Trade calls and Metrics: ✅ Instagram: / ✅ Twitter: Free Resources: ➡️ FAQ – Get your Questions Answered Fast!: ➡️ Learn our trading strategy by viewing the video at the bottom of the page at: / I try to respond to comments every weekday, but if I don’t get to you, shoot me an email at betradeconfident@gmail.com and I will respond ASAP=) Disclaimer: This video IS NOT financial advice. I am not a financial advisor. These are my personal opinions. For entertainment purposes only. Always do your own research and consult a financial advisor before investing. Video Topics: #Bitcoinnews #Bitcoin #Btc #Btcnews #Bitcoinpriceprediction #Bitcoincrash #Crypto #Bitcoinmetrics