Looks like a Bear Trap to me...

in #bitcoin15 days ago

The shorts are being trapped...

Fake Out to the downside followed by a move back to the upside traps lots of shorts and provides rocket fuel for what is to come.

I think that is exactly what we are seeing right now on bitcoin.

Check it out:

image.png

(Source: https://twitter.com/MMCrypto/status/1403047680528556032/photo/1)

If bitcoin breaks to the upside of this triangle, watch out, the move will be violent.

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Could fudding days be behind us?