Next week BTC can likely pump all the way to 48-50k range, from which it will trap investors into believing the bottom is in.
Price has until now been rejected couple of times at the 50 W MA, closing below each time.
Without a weekly close above the 50 WMA, the move will be almost guaranteed a bull trap.
Be careful out there next weeks.
Price has until now been rejected couple of times at the 50 W MA, closing below each time.
Without a weekly close above the 50 WMA, the move will be almost guaranteed a bull trap.
Be careful out there next weeks.
Trade closed: target reached
King
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King
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.