Pattern Pinch
Updated
Two trend are colliding, and something new is going to set in soon. The winner will be revealed shortly.
Note
On top of all, OI has reached a new low as the account as short accounts are likely closing their positions. This leaves a lot of room for shorts to reopen and longs to collapse. There are several details that make the current setup look a lot like August 18, right before the accelerated drop.Note
Against all odds, I have been seeing more moments in which Bitcoin decouples from market waves to the upside. Something is coming, fast.Note
It's actually now looking more and more like this will be the downtrend continuation to 17k.Note
19.9k was bought up and on the rise, but with falling volume. Pinch still to resolve.Note
Aw, the bottom curve fell a bit short.
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