Bitcoin Setting Up For Massive Bull Trap?
This massive pump on BTC today and on the 1 min and 3 minute time frame, pushing toward a huge resistance level at 
48K feels eerily like a massive Bull Trap, that could reverse quickly and suddenly.
48K is not likely to hold on the first push, and there's not much support below us, so I recommend extreme caution and to take profits here and going into the weekend.
The best case scenario for longer term BTC appreciation this year would be a pullback to put in a higher low, above the recent lows -- anywhere between $35,000 and the 1st Fib Retracement from current levels which could take us to $36,500.
Happy Friday the 13th.
That is all.
48K feels eerily like a massive Bull Trap, that could reverse quickly and suddenly.48K is not likely to hold on the first push, and there's not much support below us, so I recommend extreme caution and to take profits here and going into the weekend.The best case scenario for longer term BTC appreciation this year would be a pullback to put in a higher low, above the recent lows -- anywhere between $35,000 and the 1st Fib Retracement from current levels which could take us to $36,500.
Happy Friday the 13th.
That is all.
25-year investor & trader, bought 1st BTC at $20
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstream.io/work-with-me
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstream.io/work-with-me
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.