BTC is showing absorption signs at a high timeframe support level.
Agressive sellers getting too comfortable.
Late shorters getting trapped and likely to get punished soon with a move to the upside.
Targeting the 9000 area.
Break and close above 8264 will be the confirmation for the anticipated move.
Agressive sellers getting too comfortable.
Late shorters getting trapped and likely to get punished soon with a move to the upside.
Targeting the 9000 area.
Break and close above 8264 will be the confirmation for the anticipated move.
Note
So was it a bear trap? :)
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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.