ilesanmipepsi

Bitcoin: Bull Trap is Imminent

Short
ilesanmipepsi Updated   
BITSTAMP:BTCUSD   Bitcoin
GANN seasonal date for BTC reversal was confirmed to be on November 7. The VDI and the CRRO have also flipped short signal since November 13. In order to position and take advantage of the bearish signals that have been given by these leading indicators, it's suffice to start looking out for bearish pattern the would form on the BTC chart. Consequently, a triangle pattern has been spotted with a target at the 38787 price mark. I expect more liquidation action to happen at the triangle pattern target price, thereby forcing price to dump heavily.
Comment:
Bitcoin price action continues to behave as expected, prepare your balls guy!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.