BITCOIN MAY BOUNCE OFF OF THE 50 MA here betwen OCT 30 and OCT 31st, then it will pump past 10300. BTC IS FORMING A YUUGE BULL FLAG NOW< note, NOT A BULL PENANT, it WILL DROP TO AROUND 8800 AREA BEFORE PUMPING
and accumulation in range triangle, until breakout May 2020. We have a major resistance of 9000, if we can break above to 10,k then this may be invalidated.
Cant believe this fractal would play out this easy. the tether news isn't the reason for this season. why would it be that easy.
This is where BTC was at in 2016 at the "then" all time high *ath. Similar to our most recent top, bear market.. capitulation.. recent consolidation and what I believe to be our coming run up to 100k.
When the weekly day traders do their job and a chart is looking nice as in this example.. the weekend comes... inevitably the "weiner dog formation" appears early on a Saturday. Maybe from inexperienced traders dropping the ball in combination with heavy pockets taking advantage. It usually precedes an impending dump in favor of the bears. This patern can stop...
Shorts are just that. they are short. Its Paamp time!!