Probably 6k

1. Looks like it is ascending triangle with a preliminary breakout.


I do not believe this is H&S. The neckline looks dangerous. Head is located in the pool where 50 mil shorts where liquidated. The price got there for a reason.


2. Open interest within this consolidation increased 100 mil. Traders are opening both short and long positions. Somebody is not right :( Increasing OI in consolidation is typically continuation sign for me.
tensorcharts.com/u/bitmexStats - to see OI you need a pro subscription

3. People are short on bitcoin on TradingView, Stocktwist and Twitter. You can check what AI is tracking.
activetrader.cmegroup.com/Products/EquityIndex?s=BTC

4. CVD Selling. I think if the market survived extreme market selling - thats mean emotional participants are done.
tensorcharts.com/ - you need pro subscruption to see CVD.

5. Currently lots of bids are below the price. (Also see on tensorcharts). Stop loss right below large bids and thats 5130.

6. Global MDR 5% have been positive for too long. vcdepth.io/
No need for explanation. Just check MDR