The Disbelief Rally

October 7, 2021

Just like that, Bitcoin reclaimed its September highs!

In a report a few weeks ago, we outlined:

Derivative speculators are bearish, while long-term spot investors are continuing their accumulation. These are fertile grounds for a powerful disbelief rally that can trap bears.

We've seen this play out over the last few weeks, and yesterday's action only confirmed our suspicions, where there was a notable short squeeze that drove a $3,000 move in the space of a few minutes.

Article Sales Message

All Star Charts Crypto Members Receive

Our professional research delivered to your inbox
High conviction trade ideas to make money
Full coverage of entry and exit signals across the crypto landscape, including major coins, altcoins, and other tokens
Video conferences every week
Alerts to cryptocurrencies before they become mainstream
Custom indices, correlation, trend strength and relationship analysis
Access to Rangefinder – our proprietary app for tracking trade ideas in real time (annual members only)

You need to have a subscription to access this content in full.

Filed Under:

Crypto,

Crypto Blog

The Disbelief Rally

You need to have a subscription to access this content in full.

Share Article