The Bitcoin Bulls are Back in Town!

Well, yesterday was a day I'll always remember.

Within a few hours of posting in my facebook group about the wedge forming and the next big move, this happened:

As soon as we broke above the wedge, BTC went up $1000 in less than 30 minutes. Talk about a massive move...

Few days ago, we finally broke out of the descending wedge that had been forming over the last two months.

We went on for days of sideways movement to finally reverse the trend.

In one hour, BTC did everything I said I wanted to see to feel positive on it:

• Went back above the 21MA

• Went back above the yearly support line

• Went back above the 300MA

And on top of that, we're holding quite well.

A pull-back to 7,5K (300MA) would not be surprising as 7,9K is a huge resistance level.

If we can hold above 7,5K and bounce from there, this is great news and means we're heading for the 50MA (8,6K) and 200MA (9,6K).

I hope non of you had shorting positions because all the shorters got absolutely recked yesterday.

This last chart shows the massive crash that happened in BTC shorts.

I guess all the bears got reminded that bitcoin can move fast, very fast.

What are your thoughts guys?

Is this the end of the bear market or just a bull-trap?

Let me know in the comments down below.