BitcoinShort
Bitcoin head fake scenario
from a technical standpoint, realistically if this pump were truly bullish we would've seen an uptick in the Volatility index.
Howere we did not see that, rather price has been slowly creeping up with mostly leveraged positions backing as evidenced by high funding rates for almost 2 wks now
EW standpoint there is a possibility that this is a head fake pump( expanded flat correction) to trap bull before running it back 360 to new lows
Critical confirmation level below wave (x) (sub 41k
and as always this is just a scenario in my mind. Not financial advice. Be careful
Howere we did not see that, rather price has been slowly creeping up with mostly leveraged positions backing as evidenced by high funding rates for almost 2 wks now
EW standpoint there is a possibility that this is a head fake pump( expanded flat correction) to trap bull before running it back 360 to new lows
Critical confirmation level below wave (x) (sub 41k
and as always this is just a scenario in my mind. Not financial advice. Be careful
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