Bitcoin bull trap coming up?
Finally, BTC closed below 50D MA, but
To reset the oversold condition, it's very likely to see a green weekend but perhaps without much movement.
By Monday, people will start to fomo anew, all posts on TV will be bullish, thinking we've found support, rounding bottom...
That'll coincide with 50D MA & the resistance.
Another push will take us to 7.4k (50W MA).
Then another retracement before big push down to 6.5k.
Optional: another bull trap & final breakdown. Hodlers will be in tears & the bear market will finally be over. If we manage to reach 2.5k by July, by EOY we'll see >10k again and in two years >100k.
- no strong volume on breakdown
- start to reach oversold zone
- bears losing momentum
To reset the oversold condition, it's very likely to see a green weekend but perhaps without much movement.
By Monday, people will start to fomo anew, all posts on TV will be bullish, thinking we've found support, rounding bottom...
That'll coincide with 50D MA & the resistance.
Another push will take us to 7.4k (50W MA).
Then another retracement before big push down to 6.5k.
Optional: another bull trap & final breakdown. Hodlers will be in tears & the bear market will finally be over. If we manage to reach 2.5k by July, by EOY we'll see >10k again and in two years >100k.
Catatan
Some taking profitBut started under 50d
I think it'll fail 50d and crash again
To start wave 3 of wave 3
The big one
Catatan
Good pump. possibly will go even higher & dump will begin late in the weekThis market defies analysis, but a general rule is that most people are wrong most of the time
Catatan
I want to see a bullish swing failure (as green arrows) to enter a short positionCatatan
another big minuteCatatan
Seems like it's falling again but it's quite oversoldI think bear market has finally sunk in and ppl no longer have much hope
Anger and despair later we'll see the bottom
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