This squeeze couple of hours ago was definitely enough to complete potential iH&S and was just needed to liquidate all the longs being opened at 6600€. I think everything between 6k and 5800 will be a good entry for new longs. Maybe pushing a bit lower to make everybody think its turning bearish again. So just be patient for the perfect entry and don't rush into any positions or you will lose to the big boys.
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right shoulder was pretty weak just because everybody was waiting for a good entry after missing the pump. So a lot of people were waiting on the sideline to enter. It broke out instantly and now retested the trendline. All very beautiful. This means more sideway action for the next few days. Maybe a little squeeze now to make everybody think supports not holding. But we will get higher. Everything very bullish right now.
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Exactly the squeeze below the trendline to shake the normies out. Just dont be a normie. Back to normal now. All still super bullish. Nothing changed.
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Little update for today. I think a push down to 6900 is very likely where another opportunity for long entries will occur. Just more sideways action coming until weekly closes.
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What a turnaround. Breakout didn't work. BTC lost every support. Still think we are more bullish than bearish for now. Closed all longs on the way down. Still holding spot.