BTCUSD / H1 chart / Short squeeze & fractals

That's some serious pump squeezing shorts. Like most, i too believe we would see 6400 range at least once before we can push beyond 7000. Meantime, i've observed this interesting fractal, and the typical bitcoin price movement after these so called sudden pumps. If we observe the patterns, these pumps appear well timed and are more frequent, while syncing perfectly with the latest technical analysis. If you were able to enter a position anywhere between 6700-6800, i think short could be a good idea with low leverage (less than 10x).

let me know your thoughts through comments

Commentaire:

Like a clockwork!