BTC Short trap reversal signal

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
All shorts in the red box are trapped, once it breaks out from here. We could see a phenomenal short squeeze that also acts as a reversal signal, since this was a false breakout to the downside. A break above from here would signal the true trend, which is to the upside.
Comment: BTC showing some weakness atm. It will make a huge move either way. I´m still long until stopped out at a lower low.
Comment: BTC still consolidating, bias is towards the upside imo due to bullish continuation pattern.


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