I am seeing a bullish HVF setup in the BTCAUD pairing. This is contra to most USD markets which are showing a descending triangle.
Everyone is seeing the bearish descending triangle which makes me sceptical. This whole bull market thus far has been the result of short coverings. I don't think that is about to change now.
Get ready for more shorts to get REKT and provide the rocket fuel for Bitcoin.
Everyone is seeing the bearish descending triangle which makes me sceptical. This whole bull market thus far has been the result of short coverings. I don't think that is about to change now.
Get ready for more shorts to get REKT and provide the rocket fuel for Bitcoin.
Note
Bear trap played out. Returning to funnel.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.