jalapablo

BTC: Possible False Rally Exit Liquidity Before Sell Off

Short
COINBASE:BTCUSD   Bitcoin
High possibility of another liquidity grab before BTC falls back into the macro falling wedge, and back to macrotrend support. Please beware of any rallies after this point, especially those reaching up to the 18-18.3K range. As I teach my group, these are often classic bull traps that occur past the macrotrend resistance, where unsuspecting retail traders are tempted to FOMO into a pump thinking we've broke structure. As always, we must carefully monitor the volume & price spread for any movement this side of the macro structure. Happy & safe trades to everyone!

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