Downtrend resistance to be broken, but only for a bull trap.
Updated
This downtrend resistance is too oppressing, and would lead BTC to very low levels (1K - 4K) in a matter of weeks, which is unrealistic.
BTC may very well reach these low levels (1K - 4K), but such a gloomy market sentiment, if it comes, would take months to set, not weeks.
At the moment. volatility is decreasing. So, a strong sell down to 4K, right now seems more unlikely than what I thought a few days ago.
BTC may very well reach these low levels (1K - 4K), but such a gloomy market sentiment, if it comes, would take months to set, not weeks.
At the moment. volatility is decreasing. So, a strong sell down to 4K, right now seems more unlikely than what I thought a few days ago.
Trade closed: target reached
So the title was right :----)) we see now that the bounce in May was indeed a bull trap.I make 1 to 1 tutorials (1 hour) to explain my method, if you are interested in knowing where BTC is going, on the medium term (2-6 weeks)
Contact me on Skype: fx.hardy
Cheers everyone))
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