It’s always interesting to see btc pump and understand why. Although I was neutral - I did note a few bullish considerations.
- we had a rising wedge and then had a bearish breakout.
- that bearish breakout created a downtrend- essentially creating a rising wedge.
- we were accumulating for a while and formed a 30 minute volatility squeeze.
- once we started accumulating more and more we slowly triggered the 30 minute squeeze and then retail fomo kicked in.
- we had a rising wedge and then had a bearish breakout.
- that bearish breakout created a downtrend- essentially creating a rising wedge.
- we were accumulating for a while and formed a 30 minute volatility squeeze.
- once we started accumulating more and more we slowly triggered the 30 minute squeeze and then retail fomo kicked in.