I think we still have one last shakeout and breakdown through the pink ascending channel down to somewhere in the light blue box. This is a target of 6130-6230 before we fire our rocket and see one huge ass green candle. All this is set to unfold in the next 6 hours as Bitmex Futures expire at 12pm UTC and CME Futures at 3PM UTC.
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Still expecting this to play out as longs are increasing. We might fall down to the 100MA in red and then see a small bounce which will inspire confidence and trigger even more longs. Once this happens we will then see a nice big red candle down to light blue box to liquidate as many of these longs as possible before we then see our nice big green candle up up and away in the other direction!
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The bounce before the final dump
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Still bouncing, not long til dump time.
