Bitcoin (BTC) trapped bulls but the death cross already occurred above $11k resulting in a $5k drop in price, however since the price currently is at $7k, we are still in able to have one last V Bottom to complete the bullish case
Trade active:
Shorts Squeezed successfully and first target $7120 reached, the current price action pattern could play as a corrective bounce. Its a bit risky to enter a long above $7.2k since it could trap breakout traders
We do not want to see another third leg down, otherwise it would front run the liquidity pools below $6800 which means the possibility for a lower more aggressive bottom
We do not want to see another third leg down, otherwise it would front run the liquidity pools below $6800 which means the possibility for a lower more aggressive bottom
Trade active:
Looks like wycoff accumulation just completed...we're bullish boys maybe a quick tap of $7400 or a wick at $7260 the last dip to buy if you are really bullish