BTC Bull Trap #2

For an instant replay, see the related idea about the first bull trap.

The Dual BARR top (see other related ideas) speaks to the tendency for BTC to produce a second spike following a breach of strong support/resistance. This second trap setup follows the same logic and works almost like a bearish confirmation in this case, rather than a sign of the new bull trend.

Thus, just gonna wait until BTC hits the green text box before considering a long entry. It is well worth the extremely low probability of a new uptrend starting without hitting this area.

-Dos TrapPigs


BITBAY:BTCUSDT
BITBAY:BTCUSDT
BTCUSD
TOTAL2
ETHUSD
ADAUSD
DOGEUSD
Bitcoin (Cryptocurrency)BTCbtcbulltrapbtcshortChart PatternscryptodostrapsPivot PointsshortSupport and Resistance

การนำเสนอที่เกี่ยวข้อง

คำจำกัดสิทธิ์ความรับผิดชอบ