Short Squeeze baby!!! 

Ain't no call like a margin call!! 

Hopefully this will be a catalyst for more upside! This sideways movement is ehhhh

Well these margin shorts are really awesome, they can let you touch stars and can let your desires crushed, so we should be very careful with this one.

@JrCornel... Thank You for sharing @TechWizardry post along with Your insightful comments.

Here is another source of information below regarding the reasons for Bitcoin's sudden $1,000 rise by Arcane Bear.

https://www.youtube.com/watch?v=VJbtIijT2kY

Thanks Again...

Cheers !!

Have to wonder then, why regardless of the up or down shift, a crypto miner  like MGTi is only trading at $1.28. 

Seems to me that ultimately secure bitcoin miners with offline cold storage will become smart investments. But, as we know, the main stream media has people thinking crypto is a flash-in-the-pan type of thing. And MSM also seems to be very snarky towards MGTi's CEO John McAfee. 

But, as we see people leaving Facebook, Twitter, and Google/YouTube for decentralized platforms, I predict MGTi and other crypto-miners will go up exponentially. But, it will take an equivalent exponential awakening with users still tied to legacy social media. 

Hence, I am looking at this all as a 10 year arc. 

A film from Adam Sandler, Funny People (2009), (and actually one of the only Sandler films to make me actually laugh), had a scene in it where Adam and a friend pick up some women at a party. The women work for MySpace and were having a huge party. In a scene in a pool, Adam drunkenly yells, "Fuck Face Book!". 

So basically, we are waiting for everyone now on Facebook to feel the same way. Pretty sure that video of Mark Zuckerberg did a lot of damage to his brand. I mean come on! The guy walks like his butt is so tight he could eat coal and crap out a perfect diamond!

Nice post@jrcornel...... well researched. I hope you will follow, comment and upvote on my posts. Thanks

Yeah! Interesting news, and nice graph.I think it is awesome that bitcoin jumped in a short time.
Thanks for this nice post and thanks to inform us.

It was nice to see the little bump in  Bitcoin today and a really nice surge for Steem, up 37% as of an hour ago. My hat is off to all of those who have stayed strong through these low times and have held tight. There will be an upward swing soon enough. The market is to rich with positive projects and initiatives not to head upward eventually.  Not sure I will ever have the stomach for day trading but will always be a long-term hodler.

The traders look at these levels very closely to force the hand of those on the wrong side of the trade.  If volume is sustained here, we could potentially get a good squeeze going to break the medium term downtrend.

To listen to the audio version of this article click on the play image.
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@JrCornel, thanks for giving me props!

Hello friend, I loved your publication. I support you with what you say, I invite you to visit my profile and have your support, greetings.

Very nice. I have always noticed that markets tend to go in the direction that reks the most people. This short rektage is becoming an epic one! hehe . regards @jrcornel!

At last bulls attack that!!! Now it is necessary to be very careful not to get to a bear trap.

Nice post..

Once the people see the up rise in price they will buy in, then those who have the real knowledge will sell off and rob those who buy high when there is no reason for the increase. right now it's unstable and unless you know what you're doing you will lose your greedy little butt off.  I will be watching company data not the markets reaction, in order to buy smart.

BTC including others Alt coins are rising. Hope it will continue.

What a good sharing that need to be shared! Woohoo

This is precisely why I never trade on margin and never wanted to. There is way too much downside risk of getting your entire position liquidated in a single instant. Market manipulation is still a huge factor in the Bitcoin space as we can clearly see :-X!

I really don't understand much of this but I know it's good.

Sage analysis. 

I noticed the shorts building up over the previous few days, and that does present a juicy target for the market to 'rek'. 

It's interesting that so much negative news coincided with the introduction of shorts... AND that over the last few days we've seen some super positive announcements like Rothschilds, Soros, Rockefeller jumping into crypto, plus the EU teaming up with positivity, and China investing $1.6bn into crypto. Just as it's time to turn the tide on the build-up of short positions.

Does it make me a conspiracy theorist to think this may not be coincidence?

Margin trading seems very risky. If the chance of winning equals to the chance of loosing, then it's just like betting.

Some crypto exchanges make it too easy to trade on margin risking that people who have no idea what they are doing (and no real concept of the risks) can trade. Many willmlose their shirts.

Great read - very informative. Though worth noting you can't actually short (or go long!) without margin - only sell and buy!

Seems like the WallStreet traders tried to bet on a full bitcoin collapse :) So they lost a lot of money now. Good :)

Thank you @jrcornel (and @techwizardry of course:-)) for this great explanation. Just to be sure, as I'm not a professional trader, prices are surging because loads of shorts are having to cash out. Traders that bet on BTC price descending even more come to the realization they bet wrong. This is how I understand it. Now, If I'm not all wrong, this is far better than a lot of other explanations I've seen on this sudden push upward. Take this for example: [Bitcoin Surges; Research Paper Says Cryptos Compliant with Sharia Law](https://www.investing.com/news/cryptocurrency-news/bitcoin-surges-after-paper-says-cryptos-are-compliant-with-sharia-law-1391798). With this intro:

> Bitcoin and other virtual coins rose on Thursday, after a research paper claimed that the virtual currencies were compliant with Islamic religious law, or Sharia law.

People who read this might think we got Allah to thank for this possible trend reversal!

Thank you for keeping us well informed!

<center><h2>Your post is very good!</h2>Now look me in the eye and <b>Follow Me @cryptopay-blog</b>![Your post is very good](https://steemitimages.com/DQmcTT1VDMCm4pmc6o7WpmC9gFFhmZAySBH4TLyTXckjJsm/14d07fc7de97379a26911c43515e037a.gif)</center>

I also thought the price would go lower. I still think we will see lower lows in coming days or weeks.

I always look to see what the BTC/KRW pair is doing in times like these! ;)

Great post. One swipe cut some poor shorts. ..great read and post