JoshuaMcLean

Bitcoin AUD HVF setup Target $22,230 AUD

Long
JoshuaMcLean Updated   
FOREXCOM:BTCAUD   Bitcoin / Australian Dollar
I am seeing a bullish HVF setup in the BTCAUD pairing. This is contra to most USD markets which are showing a descending triangle.
Everyone is seeing the bearish descending triangle which makes me sceptical. This whole bull market thus far has been the result of short coverings. I don't think that is about to change now.
Get ready for more shorts to get REKT and provide the rocket fuel for Bitcoin.
Comment:
Bear trap played out. Returning to funnel.

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.