BTCUSD - Bear Meat to fuel the next Bull Rally

Jun 3, 2019

There is a Bear Flag forming on the short side of things. This should help pull down the RSI, MACD, Stoks, etc. etc. So long as we don't break the multi-year trend line from my other charts and the 20/40 week moving average remains crossed (which it did last night) All these Bears are going to get skinned and their meat used to fuel the next Bull Rally. Not only will the Bulls be buying hand over fist but the shorts will be right there with them doing the same. The next couple of weeks should be exciting !

Good luck!

(My weekly update below)

Jun 5, 2019

Note

Dive! Dive! Dive! It looks like the Short Submarine is headed to the bottom in an attempt to evade the BTC Destroyer's depth charges.....

Jun 7, 2019

Note

And the Bear slide continues....

Jun 10, 2019

Trade active

I know many people don't care about what is happening with the shorts but I have to look at it from time to time. If this chart plays out like drawn you can expect more Bears to get liquidated.