BTC Update 2H & 1D volatility inbound

26 de ago. de 2022

RSI is showing bullish divergences on both time frames. Per the fractal overlay on the 1D (adjusted from last idea) shows we could be double bottoming here. Followed by a weekend pump then a long squeeze to a new lower low - followed by a the final and biggest short squeeze to kick off Sept suckers rally. This will then likely be followed by a sharp correction that will flood ALTs with liquidity - late Sept near or on the date of the Fed meeting.

In short; expect a fake out pump after this long squeeze that will make the bears double down. Then a rug pull on the bears for a sustained rally in September.