BTC Looks like an inverted cup with handle ..

So obvious this reversal volume is just a trap until we do not pass the 9.5 - 10k checkpoint .. Personnally I do not trade in this condition, it's too risky.
Wait and see the trend confirmation.

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In my opinion, the confirmation for a bullish scenario should happen at the moment of the MA 50 (orange line) will cross MA 100 (red line) within a long term scale (min 4h).
If it doesn't happen, we are still potentially in an ABC bearish pattern scenario like I mentionned with this idea.

تعليق:

Like I said .. it was a bull trap and now we are clearly in the bearish scenario .. Idea still on going: inverted cup with handle