Throughout the bear market, we experienced 4 similar setups to what we are starting to see now. Making the close above 8350 on the weekly the start of the "bulltrap." Given the rapid move to 8900 over the past weeks with little to no support will prove dangerous for bulls. Sliding in shorts since 8900.
I was taught to never short a parabola until it breaks and then short the shit out of it. This is my new plan. Serious liquidity tap to almost 7k before cup and handle meme fake out - then comes the break down followed by new lows or at least a retest of "the bottom"
Bear Flag formed - Volume decreasing. Market isn't' stable with potential tether fud and regulations. arbitrage between bitfinex and other exchanges worries me. Volatility incoming and ALTS will potentially see new ATL. Be safe out there.