XBTUSDWe just double bottomed and bounced back up and are now consolidating with bearish intent. I'm guessing this is just an opportunity to trick the normies into thinking that the bull run is starting. We literally ripped through huge sell walls to get back to the 4k zone which gives a sense of false hope for those who are wishful. Unfortunately for some, I do personally think this is bull trap that will be sending us back down to new lows. I will most likely be shorting this market after we break through to the top - after being over sold or ride the breakout to the bottom.
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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.