Engulfing candle halts the bull run .
The Bitcoin price is now locked into a short-term uptrend in a long-term downtrend.
This is also known as a bull trap.
Inexperienced traders will take the bait and start buying into the short-term trend expecting to see the price rocket...
Expecting to see a heavy drop in 2-3 weeks
💪😍👍
The Bitcoin price is now locked into a short-term uptrend in a long-term downtrend.
This is also known as a bull trap.
Inexperienced traders will take the bait and start buying into the short-term trend expecting to see the price rocket...
Expecting to see a heavy drop in 2-3 weeks
💪😍👍
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.