Yesterday's pump produced the most amazing outcome in trading education: it suddenly made many amateurs experts. Everyone was able to see what was coming because it was so obvious.
So what now? BTC doesn't flag. It wants to go up, but volume is very low (bearish divergence).
Maybe the manipulators will buy again at the top. The number of shorts has gone down dramatically. There's fewer & fewer SL to hit. The whales probably have sold already above 8k.
This leaves dreamers hoping for a rally to 1mil by May. BTC will therefore likely deflate slowly back to support.
The problem with yesterday's pump was that it happened too fast. No new shorts were opened, so no new SLs to hit. This leaves the bulls with no firepower.
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actually pennant formation now:
very aggressive one, not really apparent in longer time frame. there'll be lots of attempts to pump it today.
be very careful if short.
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looks like many side-liners are animated by yesterday's pump. we could see 9k in the coming days, possibly without a retracement.