Bitcoin (BTC) Possible dump followed by a rapid move up.

Looks like a reversal structure. Bullish divergence and Bitfinex buy wall.

There could be a quick dump before a rapid move back up. Long the dump once it bottoms. I believe the buy wall will be broken but they will pump the price up once that happens. Right now we are at a critical level, so a fakeout drop beneath could be possible.

Thanks for viewing! This idea will be invalidated if we get a major move down, not just a quick wick.

Kommentar:

I will scale in.

Trade geschlossen: Ziel wurde erreicht:

Closed for 3% profit.

Trade ist aktiv:

I will be shorting this now. Please click on the idea below if interested.