BTC..Bull trap? I think so.
Updated
Will work on this some more but yet again I see one good buying hour and only weak buying after that.
Also the wicks on each side of the candles indicate at least a short term trend change.
Which way will we go?
I have linked my idea for why I am bearish.
TLDR:
Weak buying hours.
Market psychology: denial phase
Overall trend since ATH: lower highs and lower lows.
Also the wicks on each side of the candles indicate at least a short term trend change.
Which way will we go?
I have linked my idea for why I am bearish.
TLDR:
Weak buying hours.
Market psychology: denial phase
Overall trend since ATH: lower highs and lower lows.
Comment
Looks like this one played out well
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