Weekly bitcoin very bearish shooting star/doji close is a trap?
What if the composite operator/whale(s) set out to enable massive liquidity by shaking out all the weak hands through an algo that created a weekly closing incredibly bearish doji (gravestone/shooting star)? If so, then they should enable the shorts to pile on towards $9700 or so and the squeeze the heck out of them up and through 20k. I'm buying the dips down towards 10k again and keeping a short open in parallel from above. This basically redefines the classic bear trap if true and pans out.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.