I won't say much in this bit of text. It's all explained on the video why I think a bullish pump north is more probable than a bearish bust south. The markets are there to prove me wrong. But I have to evaluate what I see.
SNAP just beat on earnings and due to the high short interest this should be a huge short squeeze similar to what we have seen with GE recently. As with GE there is bullish RSI divergence on the daily chart.
Add to this that the US economy is on fire in large part thanks to the PPT and let's let this winner run. Will initially take some profit at $10.30 as there...
What's you think Bearish or Bullish please leave a comment and explain why
Bearish trend and tight squeeze this is going to have a big move but what direction?
I will wait for a confirmation candle on 1d then take the pull back on a lower time frame
Bitcoin is into a tight squeeze on the weekly time frame. It could go either way. Loads of traders are gearing up for what could be a major move. Some with crystal balls are making predictions and so on.
It could go north or it could go south. Anything can happen in the next week or two.
I'm busy watching microtrends (4h to 8h), as I certainly don't get...