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
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As expected, we had huge volatility within 6hrs of posting this chart, closed most of my long at the 200EMA around $6760.