Bitcoin Whales About To GO CRAZY in THIS Minute... 10K Now?
We have a really sctructure, with a lot of greed and momentum. We have an if we look at our classical charting, and the is increasing again. Also The Market Sentiment is .
MORE Shorts Than Longs!
BUT take a look at the Long vs Short indicator. Its crazy that so many people are short, with all the bullishness we have going on. BUT the shorts obviously believe its unlikely, that we will go through the very hard resistance.
Very Dangerous Game
The shorts are playing a VERY dangerous game. This could be a pretty easy push here if you are a whale or a couple of whales! They could pretty easily in a such structure PUSH and Stop Hunt and kille the shorts.
Something will happen very soon. And super interesting right now! Lets hope that the bulls in collab with whales will go up!
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The reason for that is, that we are inside an ascending triangle.
The REASON why an ascending triangle is bullish is because we are making Higher Lows (my green arrows) and we are having a horizontal top. Here comes a VERY important TA principle you need to know about - many people are not aware of this:
The More We Touch a Single Pricepoint, the more LIKELY it is that is eventually will break and we will go through
Remember that. Many people think its the other way around. That the price point gets stronger. But that is WRONG.
So: As long as we are in the ascending triangle, the bulls have an advantage.
If we drop below we are still bullish/neutral as long as we stay between my 2 blue rectangles. IF we fall below here, the structure becomes bearish.
So now I hope you got an overview! Throw a like if you like the content!
Ill keep you updated, my friends!
We want to go to at least 9496, which is the prior high, but IF Whales really wanna do damage they need to push to at least 9,600 USD where shorts are starting to hide!
So bring the popcorns - this fun! And hit that like button!
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Hereafter we should go up again and complete the 5th wave to around 10k.