RSI 14 to 60 = sign of Bull Trap for the end of April?
Updated
My previous publications provide for 6 months a Bull Trap close to ~ $ 6k
The situation of RSI 14 similar to that of the 2015 Bull Trap post-Downtrend seems to be an additional indicator that this risk is imminent
Some reminders:
I recall that the bullish influence at the output of the symmetrical triangle (see my previous publications) is technically complete.
Only the current presence of an ascending triangle, who is a continuation pattern (see my previous publication), can hope for a $ 6k, but nothing more.
On the other hand, the spectrum of the historical resistant oblique, although crossed, remains strong, among other indicators already detailed previously (MA crossing...)
DISCLAIMER: Invest only what you can afford to lose. Do not listen to any "prophet".
Beware of your own emotions potentially disconnected from the market reality (panic / euphoria ... FUD / FOMO)
The situation of RSI 14 similar to that of the 2015 Bull Trap post-Downtrend seems to be an additional indicator that this risk is imminent
Some reminders:
I recall that the bullish influence at the output of the symmetrical triangle (see my previous publications) is technically complete.
Only the current presence of an ascending triangle, who is a continuation pattern (see my previous publication), can hope for a $ 6k, but nothing more.
On the other hand, the spectrum of the historical resistant oblique, although crossed, remains strong, among other indicators already detailed previously (MA crossing...)
DISCLAIMER: Invest only what you can afford to lose. Do not listen to any "prophet".
Beware of your own emotions potentially disconnected from the market reality (panic / euphoria ... FUD / FOMO)
Trade active
It's a detail (but difficult to fight against my exacerbated perfectionism): note that I mistakenly displayed the 2015 chart in logarithmic and not that of 2019.Here are the two in LOG to emphasize that the similarity is even more obvious (especially the isosceles triangle at the beginning of the year):
Otherwise, the bullish output of the little ascending triangle has been validated as expected by my scenario above. For my part no regrets to be in USD / USDT, because the Altcoins, on which I was, absolutely not benefited from the Bitcoin pump, on the contrary (released at 2990 Satoshis on XLM see my corresponding publication, same ADA, GRS, LIF ...)
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