As can be seen by a strong EMA compression on the 4hr and an upcoming Ichimoku cloud twist, it's clear something big is brewing here. Personally I am bullish, with Bitfinex shorts closing in on 40k, a short squeeze is inevitable over the coming week.
Trade closed: target reached
As expected, we had huge volatility within 6hrs of posting this chart, closed most of my long at the 200EMA around $6760.
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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.