Looking at the past downtrend we saw a False bullish brakeout from the descending trendline and a liquidation event took place.
Right now we are experiencing the same; we aggresively broke the uptrend as the sentiment turns ULTRA bearish.
I expect a Liquidation of shorts in the upcoming hours.
Lets see how it plays out.
Right now we are experiencing the same; we aggresively broke the uptrend as the sentiment turns ULTRA bearish.
I expect a Liquidation of shorts in the upcoming hours.
Lets see how it plays out.
