CoinChartist

$BTC Bull Whale Rug Pull Scenario

Short
BITMEX:XBT   Bitcoin
Fiat inflow is low and whales have been trying to artificially incite FOMO. But even a push above $10,000 doesn’t seem to have caused a wave of FOMO. They could start selling at this trend line causing the wedge breakdown.

Or bulls blow right through it and we go full bull run.

Possible reversal at PRZ if we fall back into bear. Seeming unlikely but wanted to present the contrarian scenario.

CoinChartist is run by Tony "The Bull", a level 3 CMT student & technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
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