Bitcoin Bullish Trap??? #crypto #defi #web3 #bitcoin
Is the Bitcoin (BTC) price potentially going to break upward or downward?
There is a potential urgent chart crash signal we need to watchout.
The Bitcoin price is breaking out after finding support in low $30k region.
There is a gap @ $34,535 to $35,715 range that need to be filled.
Historically, such gap had been filled in the past e.g 2017-2018.
If this scenero is to play out, it means we might experience a crash downward after this short term relieve rally.
It is important to pay attention to the gaps because market participants often target such gaps in the past.
If history is anything to go by, after the current rally, Bitcoin is expected to crash to $20k or $17k before the full blown bull run in October to November.
Noteworthy:
If to go long, one should also consider this gap as take profit zone as part of risk management.
Do not forget the historical wise saying, "Never invest more than you can afford to lose."
Not a financial advise, I suggest using this only as a guide - Do your own research.
If you have any questions, kindly write in comments below - I will answer them.
Kindly support this idea with your like and comment, thank you.
There is a potential urgent chart crash signal we need to watchout.
The Bitcoin price is breaking out after finding support in low $30k region.
There is a gap @ $34,535 to $35,715 range that need to be filled.
Historically, such gap had been filled in the past e.g 2017-2018.
If this scenero is to play out, it means we might experience a crash downward after this short term relieve rally.
It is important to pay attention to the gaps because market participants often target such gaps in the past.
If history is anything to go by, after the current rally, Bitcoin is expected to crash to $20k or $17k before the full blown bull run in October to November.
Noteworthy:
If to go long, one should also consider this gap as take profit zone as part of risk management.
Do not forget the historical wise saying, "Never invest more than you can afford to lose."
Not a financial advise, I suggest using this only as a guide - Do your own research.
If you have any questions, kindly write in comments below - I will answer them.
Kindly support this idea with your like and comment, thank you.