BTC- Bear Cycle May Not Be Over

COINBASE:BTCUSD   Bitcoin / Dollar
Currently long but trailing stop. Would love for this to be the beginning of the bull cycle, but can't help but think too many people were waiting on this price. Market makers know these are the areas that can provide the most liquidity. I see a nice bull trap, then driving it down one more time to take out stops. Like always, price action tells all, so will wait to see how it reacts around the red box and closest Trandline. If we get a break and retest, of those areas, I would be inclined take another long to the next Trendline .
@CoreyH, I would love to see that
Of course it's not. And I would be inclined we will go below 6K, it's just nice bull trap now.
+1 Antworten
ryanmcginnis7 ja.piotr.bor
@ja.piotr.bor, I agree.
+1 Antworten
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