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RE: Steemit Crypto Academy Contest / S13W4 - Short Squeeze.

in SteemitCryptoAcademy11 months ago

Looking at the BTC/USD chart, from early this month which is 2 October 2023. The price of BTC/USD continued in a Downtrend which is caused by short sellers after a sharp upward move occurred.

It's very good to see a practical chart in which you are explaining Bitcoin short squeeze and its more good that you are explaining and giving us a most recent example of year 2023 which is another plus point and its very easy to understand.

I agree that short squeeze is very volatile and its could be very positive and could be very negative depends upon current situation but time challenge could also be a very negative and disadvantage of short squeeze strategy over all you explain everything very well I wish you success in this engagement challenge.