Basically, after days of sideways movement, the pressure started to build up and ultimately a massive explosion took place!
First, the moved significantly down (hence pushing price lower), then the made its move up (hence pushing price higher). Give it a few more time for the pressure to increase further (price is forced to move into a tight channel) and then the explosion takes place.
You can find a similar setup before most of the major impulsive movements across any asset and timeframe. First, pressure builds up then, the explosion takes place!
Here you get a similar setup on EURUSD where pressure blows off into a 300 pips movement (this time not as sudden but still impulsive). There are a countless number of examples like this!
but I would not bet on only rising or dwindling pressure because bulls & bears like to trap allot.. we found out that the most traps last about 3 min, at least on the btc chart.. if the trend goes longer than 3 min its likely not to be a trap... whatch rsi, and volume aswell for confirmation... good luck & good trades, bb
.. ps walls mean nothing aswell have seen walls about 500 000 usd getting busted in a few minutes the bust a fast as u can place them^^.. dont rely on walls to hold..