theflamingfalcon

BTC has NOT broken out yet, still bearish, possible bull trap

COINBASE:BTCUSD   Bitcoin
Today should be the decision maker on whether we actually break out or not because so far we have failed to break out, not only at this junction but also previously. If this daily turns bearish we are most likely in for a return trip downward before going back up. So keep a level head, watch for a confirmation of breaking out or a confirmation of dropping lower. Either way this daily should tell us which direction we are headed. If it ends as a indecision candle then we will need another daily for confirmation - but don't fall into the hype group that buy without confirmation - unless you want to take that risk.

This is not finacial advice, just sharing thoughts as a daily trader.
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