Swing Failure Pattern:
The "Composite Operator" ran the lows, forcing the most long liqs & stops set by retail below at most obvious level, enabling the operator to buy the most inventory, at the best price in the least time (Lowest cost).
Then trap bears on close above level. Liq'd longs forced to chase and bears all stuck, forcing a bottom, strong reversal, into a full on short squeeze that breaks all time highs and takes bitcoin into price discovery.
We are in an uptrend. Don't fumble now.
PS: Text box in chart is incomplete, so I rewrote it here
The "Composite Operator" ran the lows, forcing the most long liqs & stops set by retail below at most obvious level, enabling the operator to buy the most inventory, at the best price in the least time (Lowest cost).
Then trap bears on close above level. Liq'd longs forced to chase and bears all stuck, forcing a bottom, strong reversal, into a full on short squeeze that breaks all time highs and takes bitcoin into price discovery.
We are in an uptrend. Don't fumble now.
PS: Text box in chart is incomplete, so I rewrote it here
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.