XBTUSD 4hr Mex Chart: Bulltrap scenario, where's the bottom?
Could see a possible bulltrap if we sweep local highs right before another dive down. 5k, 
4K, 3k all seem like very real possibilities at this point for a bottom. $5400 being defended by bulls for the past 24 hours gives me hope that we are at least close to bottom, and of course we could just hold this range and get upward expansion, but I don't rule out if $5400 breaks again, things could go really fast, and 5k will be a blip like 6k was. capitulation
4K, 3k all seem like very real possibilities at this point for a bottom. $5400 being defended by bulls for the past 24 hours gives me hope that we are at least close to bottom, and of course we could just hold this range and get upward expansion, but I don't rule out if $5400 breaks again, things could go really fast, and 5k will be a blip like 6k was. capitulation
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Related publications
Disclaimer
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.