Bitcoin/1H Doing a pennant
The pennant after a upside move indicates a bullish pattern that could go to 30K but dont forget the ascending triangle it formed before crashed down. so this could be a jebait too. Ive talked about this in details in video
Liquidation wise we have some around 27.3 (1000M) and some high leverage around 28800.
Some indicators are...
Bitcoin retraced to the upside ~22300 over the weekend to liquidate all those high leverage shorters + performing a SL hunt
Right now its holding the price for more LONGs to build in order to liquidate them.
depending on traditional markets (SPX) we could get a counter trend rally to the upside (~4000) which btc will follow that gives bears another chance for a...
