This massive pump on BTC today and on the 1 min and 3 minute time frame, pushing toward a huge resistance level at $48k feels eerily like a massive Bull Trap, that could reverse quickly and suddenly.
$48k is not likely to hold on the first push, and there's not much support below us, so I recommend extreme caution and to take profits here and going into the weekend.
The best case scenario for longer term BTC appreciation this year would be a pullback to put in a higher low, above the recent lows -- anywhere between $35,000 and the 1st Fib Retracement from current levels which could take us to $36,500.
Happy Friday the 13th.
That is all.
$48k is not likely to hold on the first push, and there's not much support below us, so I recommend extreme caution and to take profits here and going into the weekend.
The best case scenario for longer term BTC appreciation this year would be a pullback to put in a higher low, above the recent lows -- anywhere between $35,000 and the 1st Fib Retracement from current levels which could take us to $36,500.
Happy Friday the 13th.
That is all.
23-year investor, trader, and early investor in Bitcoin & crypto.
For more information visit:
Moonstream Crypto: www.Moonstream.io/M3
Custom Indicators: www.CryptoMastery.org
Blood in the Streets Report:
www.moonstream.io/report
For more information visit:
Moonstream Crypto: www.Moonstream.io/M3
Custom Indicators: www.CryptoMastery.org
Blood in the Streets Report:
www.moonstream.io/report
