BTC in short term bull trap?
After little dump and long squeeze, BTC is forming bullish pattern and preparing to retest breakout zone at aprox. 63k $.
My target is Anchored VWAP (blue line) for this short term action.
Notice all these bull/bear divergencies. A lot of traders are indecisive and scenario where we retest breakout point (little bull trap) and then dump again (another leg down, lower than current lows) would be nice play for week close.
But it's just a theory. Watch for your alts, if BTC dumps lower, they will bled a lot! --> prepare some FIAT for shopping ;)
Just to clarify: this does not change anything for BTC long term bullish prediction. Correction are necessary in market. Good luck!
My target is Anchored VWAP (blue line) for this short term action.
Notice all these bull/bear divergencies. A lot of traders are indecisive and scenario where we retest breakout point (little bull trap) and then dump again (another leg down, lower than current lows) would be nice play for week close.
But it's just a theory. Watch for your alts, if BTC dumps lower, they will bled a lot! --> prepare some FIAT for shopping ;)
Just to clarify: this does not change anything for BTC long term bullish prediction. Correction are necessary in market. Good luck!
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