Watch out bears! Bitcoin gearing up for a surprise move?
Watch out bears!
A surprise breakout to the upside might happen in the next few hours. If it does expect the short squeeze to be violent
Contra indications:
A surprise breakdown of the lower trendline will signal more selling
- Bullish divergence on RSI
- Sellers tiring of selling
- Inverse H&S on hourly pattern
- Double bottom / wedge on hourly pattern
A surprise breakout to the upside might happen in the next few hours. If it does expect the short squeeze to be violent
Contra indications:
- Buyers are weary of getting pwned
- Market is still (currently) decidedly bearish
A surprise breakdown of the lower trendline will signal more selling