This is literally textbook Wyckoff Distribution. I urge you to make your own decisions and google "Wyckoff Distribution Schematic #1." Compare what I've charted to the classic schematic. They are nearly identical. In other words: we are headed down. Significantly and severely down. Good luck! See you for The Great Bull Run in 2021-23. And beware: "...a...
Confluence of three bullish indicators: 1. pin bar indicating reversal 2. long-held downward trend line that has been in effect since ~February was 'broken'. The line is now acting as support. 3. bullish pennant Long term, I see bitcoin going dooooown, but this looks like a short-term uptrend. I suspect many were short since we were up against the long...