Aswragentu

BTC Fake-Out GIANT BEAR TRAP

Long
BITSTAMP:BTCUSD   Bitcoin
Just a regular bear trap guyz
Like another thing people are getting crazy about breaking the 200Daily MA => Look a second towards the BTCEUR and you see we did hold it !!!

7K resistance, we bounced of support here, this was the support from the descending channel.
Next resistance is 10K then but break above 7K consolidate for a while and break 10K arround halving.

BTW everybody is bearish rn ..... be greedy when others are fearfull and be fearfull when everyone is gready.

This is pure speculation but only my opinion tho.
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.