Caution: Bear trap on Bitcoin!
⚠️ Bitcoin's potential bear trap above $60,000 amid uncertainty over FED actions.
Bitcoin's price bouncing back above $60,000 raises concerns of a bear trap.
Market fundamentals, specifically FED actions, adding to the uncertainty in the crypto market.
Speculating on FED decisions is risky, but their transparency can impact market sentiment.
⚠️ Implications of recent financial easing and potential bear trap for Bitcoin investors.
Quantitative easing signals potential turnaround in financial conditions.
Coinbase closure above 233 HPDR bands may confirm bear trap for Bitcoin.
Massive Wick to the downside suggests damage from past week may be mitigated.
📉 Bitcoin may experience a significant correction in mid-May, potentially setting a bear trap.
Bitcoin has been in a cycle for 49 days, nearing the longest correction period of 63 days.
The timing for a potential low or bear trap for Bitcoin could be in mid-May, around day 63 of the cycle.
A tweet was mentioned regarding this analysis, providing additional information on the topic.
🕰️ Cryptocurrency signals showing high probability targets, despite challenges and personal struggles.
High probability targets for Bitcoin signals
Struggling with personal challenges and sickness
Finding solace in playing Dark Souls 3
⚠️ Bitcoin's potential trap for investors in May highlighted by technical analysis indicators.
Key technical indicators like RSI and moving averages are currently indicating a downside trend in Bitcoin's price.
Bitcoin's price movement sideways could lead to a reset of technical indicators, potentially signaling a bullish reversal.
If Bitcoin avoids breaking below current lows, a bullish scenario could unfold in the later half of May and June.
Bitcoin's price bouncing back above $60,000 raises concerns of a bear trap.
Market fundamentals, specifically FED actions, adding to the uncertainty in the crypto market.
Speculating on FED decisions is risky, but their transparency can impact market sentiment.
⚠️ Implications of recent financial easing and potential bear trap for Bitcoin investors.
Quantitative easing signals potential turnaround in financial conditions.
Coinbase closure above 233 HPDR bands may confirm bear trap for Bitcoin.
Massive Wick to the downside suggests damage from past week may be mitigated.
📉 Bitcoin may experience a significant correction in mid-May, potentially setting a bear trap.
Bitcoin has been in a cycle for 49 days, nearing the longest correction period of 63 days.
The timing for a potential low or bear trap for Bitcoin could be in mid-May, around day 63 of the cycle.
A tweet was mentioned regarding this analysis, providing additional information on the topic.
🕰️ Cryptocurrency signals showing high probability targets, despite challenges and personal struggles.
High probability targets for Bitcoin signals
Struggling with personal challenges and sickness
Finding solace in playing Dark Souls 3
⚠️ Bitcoin's potential trap for investors in May highlighted by technical analysis indicators.
Key technical indicators like RSI and moving averages are currently indicating a downside trend in Bitcoin's price.
Bitcoin's price movement sideways could lead to a reset of technical indicators, potentially signaling a bullish reversal.
If Bitcoin avoids breaking below current lows, a bullish scenario could unfold in the later half of May and June.
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