After the Symmetrical Triangle breaking bullish, players are trying to double up on the longing the retrace to slaughter more bears until we hit a stronger resistance, which would be the downtrend + bear flag resistance.
Upon completion of this, we should see another leg down. Next possible bounce source seems to be 6K where we could potentially bounce and create an inverse Head... or we'll drop further to the channel's downtrend.
Long it. Then short it.
Pump it.... then dump it.
Yutt.
Upon completion of this, we should see another leg down. Next possible bounce source seems to be 6K where we could potentially bounce and create an inverse Head... or we'll drop further to the channel's downtrend.
Long it. Then short it.
Pump it.... then dump it.
Yutt.
Note
Update : I forgot to try and analyze this fuckboi bart simpson pump & dump algo market maker bot that we have controlling the market...
So... after further thought.
I think it's more likely that we'll go sideways, dump... more sideways.. pump... sideways.. dump...
>.>
Whoever controls this algo (Finex or Bitmex), go fuck yourselves. This shit is boring.
Anyways, if we do this then it'll most likely just be a Rising Wedge.
Note
Muh Bear Divs (Red Lines) : 
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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.