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JackTz
Aug 2, 2019 8:25 PM

Long, but smells like a bull trap Long

Bitcoin / United States DollarCoinbase

Description

Hi all and welcome to my first post here on TradingView!
I have been a trader for the past 10 year (mostly on Forex) and have never been posting on a forum until today so i am quite excited to tell you guys my thoughts on this famous Bitcoin!
So we have been shorting the market for a small amount of time but now it seems to have regained some green momentum. Although it smells like a trap! So be warned - this might only be a short burst and then the real Bears will take over. Only time will tell.

Follow along if you are intrigued!

All the best, Jack

Comment

Just to clarify, the buy signal we see today is only valid until the candel closes which will be in a couple of hours. :)

Comment

Good morning everyone! The candle closed in the upper position making the signal VALID! Yay!
I still feel the bear lurking nearby so have a stop-loss ready. Always have a stop-loss ready ofcourse but since this is in the early stage of a new signal I like to watch bear movements even more closely.
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