Shorting BTC in the 18 hours time
Bitcoin / Tether KUCOIN:BTCUSDT
To continue my previous post, we have 18 hours left to the closing of our weekly candle.
On the daily, it has shown a descending wedge .
From 29/06/21 to 20/06/21, when everybody is bearish thinking that it might go to 20k, it showed this same pattern, false breakout on the pattern on daily TF.
In 4 hr TF, it shows that it was accumulating on its previous low before breaking its micro high and propelled to create a new ATH.
That is when I would close my short position and switch to long.
Fundamentally, nothing changed, retail interest has been low, but whales are accumulating, will there be a supply shock? Is the interest hike priced in?
