YurloTrades

BTC LOOKS READY TO EXPLODE (massive short squeeze coming) DAILY

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello traders,

The daily candle closes in 30 minutes and is just under resistance looking ready to explode.

Weekly STOCH RSI starting tp point up.

Honestly it's possible we get a $10,000 weekly candle to retest the downtrend from ATH's.

From there we either get a 3rd validation point on the downtrend and reject starting the next major sell off or someone break it which I can't see happening considering the pi-cycle top signaled April 14th, 2021 at the exact top. Last time that happened was December 2017 at the previous ATH .

There's a chance we still reject the weekly open but the weekly candle was very strong and daily candle about to possibly close above the descending triangle at the daily close.

STAY SAFE, IF YOU DON'T DO YOUR OWN TECHNICAL ANALYSIS DON'T BLINDLY FOLLOW OTHERS. DO YOUR OWN RESEARCH AND LEARN EVERYTHING YOURSELF OTHERWISE YOU WILL NOT MAKE IT LONG TERM.

THIS IS NOT FINANCIAL ADVISE JUST MY PERSONAL THOUGHTS.

Comments

KABOOM!
+1 Reply
@LA_Designer Haha crazy candle
+1 Reply
Im thinking we go to the upper 40k's before BTC starts its downtrend towards the 20k area
Good analysis
+1 Reply
YurloTrades juarezhernandez164
@juarezhernandez164, Thanks for the kind words, it appears to be that way and we just broke $35,000 right before daily close.

bullish.

agreed with your comment.
+1 Reply
wow, how do you know the short squeeze is coming, any indicator to read that?
Reply
Read it here first. Good on you man.
Reply
YurloTrades ImminentDebacle
@ImminentDebacle, I cant believe i called that before it exploded
+1 Reply
ImminentDebacle YurloTrades
@YurloTrades, Massive. Glad you didn't leave.
+1 Reply
@ImminentDebacle didn’t get to trade it though hahaha
+1 Reply
@ImminentDebacle just posted it because I thought a move was coming
+1 Reply