Yes I know it is a mouthful.
What it's called is not important, what it is possibly signalling is.
The last time a set up similar to this happened it was in April, when prices of bitcoin rallied by over 50%.
Back in November a similar setup yielded even better returns.
If prices hold up here, we may see a rally of at least 50% in bitcoin from here.
Bitcoin getting back near $10k seems perfectly reasonable to me.
Whoop Whoop! Here comes the rally!
(I hope 😬)
You and me both. We have been head faked before, I think about 3 times now.