When I saw this bull break I always think the same thing nowadays -- fake!! Until I see some confirmation signals (mainly volume), I'm extremely skeptical. The chart above is the one minute so we can examine this move in detail.
The volume says it all for this move. We have only THREE minutes of DECLINING bull volume. Yep, fake. This is the typical "crypto rally at the same time breakout to get peolle excited".
Despite the technical bull break from consolidation, this doesnt carry the same weight for me. I'm still predicting a bear takeover.
I'm afraid I fully agree.
Thanks for the share!