ChadGowens
Long

Possible Bull Traps On Bitcoin

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
We can see key areas to get through before we're in the clear of the downward movement.

It's always possible that this up movement will lead into a bulltrap as we approach $10,000-$15,500
Comment: waiting to see if we close above 11,300

Comments

By that time the 231 will be correcting upwards, a bull trap would be to late.
Reply
I think a bull trap has limits when it crosses the longterm downtrend around 13k I think I wil discard this scenario.
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