Bitcoin playing games again? The weekly close printed a bullish pinbar at the close of $11730. The placement of the this pinbar and the price range indicates a Bulltrap in my opinion. Bitcoin needs to regain strength by visiting its EMA 50,100,200 to continue its leg up. For me the risk reward in this region is not favorable for a long.
Entry - $11700
Exit - $10800
SL - $11850
Entry - $11700
Exit - $10800
SL - $11850
Trade closed: target reached:
Booked at $11175
