Hello everybody,
With this chart I want to show you the best possible trap of Bitcoin history.
As you've often seen on Tradingview, Bitcoin has almost always started a bull or bear run on the 6th of the month. There are also many who believe that we form a triangle. Is not it strange, in your opinion, that almost all of them come to these ideas now?
No one had talked about these ideas before and now it's spreading everywhere. Therefore, I could well imagine that we arrive at the trend line of the triangle at around 6th June. Everyone will think that Bitcoin can only fly up from here, which sounds plausible. However, you have to remember that no matter if Bitcoin has risen or fallen, many have been fooled on the way again and again. With this idea I would like to warn you again, because I put a lot of emphasis on market psychology while trading.
I wanted to say that my last short term trades were wrong. I think I looked at the wrong pattern, so I'm sorry. Currently I'm just waiting for the monthly close and see what happens. If that happens what I just imagine, then it would fit very well with this idea. Of course, I also take care of other scenarios.
Pay attention to this scenario and do the opposite of what others say, as 99% of people lose money while trading.
Of course it could go up from here, but right now it is too risky.
For now, I expect an upmove to $7,700, if it is a bull flag, what we are shaping.
That's it. Thanks for reading.
With this chart I want to show you the best possible trap of Bitcoin history.
As you've often seen on Tradingview, Bitcoin has almost always started a bull or bear run on the 6th of the month. There are also many who believe that we form a triangle. Is not it strange, in your opinion, that almost all of them come to these ideas now?
No one had talked about these ideas before and now it's spreading everywhere. Therefore, I could well imagine that we arrive at the trend line of the triangle at around 6th June. Everyone will think that Bitcoin can only fly up from here, which sounds plausible. However, you have to remember that no matter if Bitcoin has risen or fallen, many have been fooled on the way again and again. With this idea I would like to warn you again, because I put a lot of emphasis on market psychology while trading.
I wanted to say that my last short term trades were wrong. I think I looked at the wrong pattern, so I'm sorry. Currently I'm just waiting for the monthly close and see what happens. If that happens what I just imagine, then it would fit very well with this idea. Of course, I also take care of other scenarios.
Pay attention to this scenario and do the opposite of what others say, as 99% of people lose money while trading.
Of course it could go up from here, but right now it is too risky.
For now, I expect an upmove to $7,700, if it is a bull flag, what we are shaping.
That's it. Thanks for reading.
Comment:
Could imagine a bull run here for next 2-3 weeks. After that I am sure we will see the final crash if it becomes true. I will post an idea later.
Comment:
Here the bullish scenario if we go up form here:
