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 bearishdescending 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 .
Bear trap played out. Returning to funnel.