[Bitcoin] Last bulltrap before the fall ...

Bullish trend up to $ 38,700 max, then reversal.


This publication is a trend hypothesis.

Trade active:

Reminder of current bearish factors :
- a large bearish flag
- a strong MACD divergence
- a huge RSI divergence
- a steady increase in institutional short positions (COT report)
- a significant drop in volumes these last months
- a weekly bearish MACD cross
- a death cross in progress
- the great powers want to regulate the market
- China fights mining

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TF2h : current trend up to $36K then reversal ...

Trade active:

The reversal area is probably between 34500 and 35500.

Trade active:

The reversal is near, 36600 max.

Trade active:

Bounce up to 36K then reversal.

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The reversal seems to have started.

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New bounce, reversal delayed.

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Downtrend in the next hours.

Comment:

In less than 24h.

Trade active:

Resumption of the decline before the end of WE.

Trade active:

The start of the huge fall is very near, so be careful.

Trade closed: stop reached:

invalidated scenario