The Perfect Short Squeeze Setup
Firstly Id like to not that USDT.D and BTC are highly inversely correlated (USDT.D down = BTC up).
Here we have a clear symmetrical triangle. Typically, symmetrical triangles have false breakouts opposite intended direction. The main takeaway here is the false breakout to the upside. Upon that breakout we wait for a move back into the triangle. If USDT.D falls below the horizontal yellow line, I suspect a much larger move to follow. If this is the case, BTC and all of crypto are in for a couple green months. BIG green months. Happy trading all.
Side note; Long doge from 0.06
Here we have a clear symmetrical triangle. Typically, symmetrical triangles have false breakouts opposite intended direction. The main takeaway here is the false breakout to the upside. Upon that breakout we wait for a move back into the triangle. If USDT.D falls below the horizontal yellow line, I suspect a much larger move to follow. If this is the case, BTC and all of crypto are in for a couple green months. BIG green months. Happy trading all.
Side note; Long doge from 0.06
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So far this has played out exactly as I anticipated. If current low is lost, we could see a FAST & BIG move to downside. This would treat the bulls nicely. I suspect BTC and alts have not found their high on this rally just yet.