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YurloTrades
Jul 25, 2021 11:31 PM

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

Bitcoin / DollarBitfinex

Description

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
LA_Designer
KABOOM!
YurloTrades
@LA_Designer Haha crazy candle
juarezhernandez164
Im thinking we go to the upper 40k's before BTC starts its downtrend towards the 20k area
Good analysis
YurloTrades
@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.
dhoviar
wow, how do you know the short squeeze is coming, any indicator to read that?
ImminentDebacle
Read it here first. Good on you man.
YurloTrades
@ImminentDebacle, I cant believe i called that before it exploded
ImminentDebacle
@YurloTrades, Massive. Glad you didn't leave.
YurloTrades
@ImminentDebacle didn’t get to trade it though hahaha
YurloTrades
@ImminentDebacle just posted it because I thought a move was coming
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