Next week BTC can likely pump all the way to 48-50k range, from which it will trap investors into believing the bottom is in.
Price has until now been rejected couple of times at the 50 W MA, closing below each time.
Without a weekly close above the 50 WMA, the move will be almost guaranteed a bull trap.
Be careful out there next weeks.
Price has until now been rejected couple of times at the 50 W MA, closing below each time.
Without a weekly close above the 50 WMA, the move will be almost guaranteed a bull trap.
Be careful out there next weeks.
Trade closed: target reached
King