KarimSubhieh

Bitcoin followup (Uptrendchannel) (4H)

KarimSubhieh Updated   
BITFINEX:BTCUSD   Bitcoin
Hello guys,




In this post I'll suggest the next pump by the timeframe of the bearish opposite. In the exact same duration of 3D & 8H we would squeeze to the major Bull uprtrend support. Thats the point where I think the price action will happen. T1 would be 7149. Fingers crossed.


What do you think?

Cheers

Kashmirpuma









Im no financial advisor yo make your own research.
Comment:
we~re on track
Comment:
little dump to our channel line. looks more like a setup
Trade active:
If you take a closer look at the bearish opposite you will see a bear trap. I have the feel this is a smaller version of a bear trap. Bear traps get often used before pumping the price to liquidate longs & give sellers the illusion of confidence.
Trade closed manually:
Looks like we found the bearish opposite.. but in a negative way

KSC
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