The latest earnings beat expectations, Transocean could end up as the sole survivor within it's market segment & we might see a mighty short squeeze in a very near future.
Provided that BTC finds support, closing above the channel for the next candle or two.
See also my earlier longer timeframe analysis (25Sep19):
My earlier 22Sep19 post, successfully predicting the massive BTC dump 2 days later.
The 61.8% level marked on the chart was once support (area of buying interest), but now is resistance (area of selling interest). This retracement level is actually critical resistance this week that needs price to bust to the upside with some buying momentum to back it up. This is what is needed to get BTC out of the sideways to lower pattern that has formed. ...