BITCOIN WHALE WARS
Updated
whales are fighting, selling off sharply near the down trend line and buying back strongly at around 6.4k the shorts are at an all time high and the sentiment is as bearish as it can get, if whale wars can get us past the trendline sideways, even, then closing shorts will complete the bottom formation and give us enough fuel to go to the larger downtrend line, giving us a buy signal and target of around 8-8.5k, during which time alts will also rally, as though they are trying to rally, bitcoin nervousness keeps scaring them as well
Note
trendline broken, now looking to test larger downtrend line at 9.2k if 10k breached, we can consider the bear gone
Disclaimer
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.