**Welcome to daily Bitcoin analysis**
Wow, what a move on Bitcoin this morning, that daily RSI breakout meant something didn't it.
I was waiting for a retest of $33K to add more to my position, but that's how Bitcoin works, it surprises everyone.
Look at the linked idea published last month, I was expecting a short squeeze for a while now but it took a lot of time to play out.
Now that we have this move, I guess this is not the very bullish scenario for Bitcoin the move is just too fast out of nowhere and it tends to die down slowly.
Let's see how it plays out in the coming months.
Happy trading!
Wow, what a move on Bitcoin this morning, that daily RSI breakout meant something didn't it.
I was waiting for a retest of $33K to add more to my position, but that's how Bitcoin works, it surprises everyone.
Look at the linked idea published last month, I was expecting a short squeeze for a while now but it took a lot of time to play out.
Now that we have this move, I guess this is not the very bullish scenario for Bitcoin the move is just too fast out of nowhere and it tends to die down slowly.
Let's see how it plays out in the coming months.
Happy trading!
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