Two trend are colliding, and something new is going to set in soon. The winner will be revealed shortly.
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On top of all, OI has reached a new low as the account as short accounts are likely closing their positions. This leaves a lot of room for shorts to reopen and longs to collapse. There are several details that make the current setup look a lot like August 18, right before the accelerated drop.
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Against all odds, I have been seeing more moments in which Bitcoin decouples from market waves to the upside. Something is coming, fast.
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It's actually now looking more and more like this will be the downtrend continuation to 17k.
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19.9k was bought up and on the rise, but with falling volume. Pinch still to resolve.
Comment:
Aw, the bottom curve fell a bit short.
