BTCUSDT anatomy of a bulltrap * Heikin Ashi bearish; * Show of weakness on volume / institutionals sell-off; * RSI (overbought), Awesome, Chaikin Money Flow, all bearish triggering; * Moonbois triggering;
On H1 chart price broke ascending trendline. If it will break support level, it is probable some move down.
Be careful at the high risk point. Maybe it will be ranged or drop down, after that, I think it have a big target💪💪
Market was producing an uptrend, however, market has been failing to break resistance (Wick rejection) There is also visible exhaustion on the bullish momentum and more bears are entering the market Entering into the market can be at turquoise line based on the wick rejection at the bottom Wait for a break and retest of area before entering the market When...