BTC- BULL TRAP OR RALLY??? -1HR. Binance
Good Morning, Afternoon & Evening,
Trend analysis, Price is currently holding above the 1hr 50 & 200 ema,
50ema is about the cross above the 200 ema on the 1hr that bullish BUT
We have to be careful since Price is right under the 0.618 and Value Area High
Price is also in an upward channel possibly a bear flag with downward bias.
New York session also made a come back after absence during the 4th of July with a swing failure
liquidity grab of previous high. Will continue to monitor the price action as it develops
Not Financial Advice
Mind Your Risk
Trend analysis, Price is currently holding above the 1hr 50 & 200 ema,
50ema is about the cross above the 200 ema on the 1hr that bullish BUT
We have to be careful since Price is right under the 0.618 and Value Area High
Price is also in an upward channel possibly a bear flag with downward bias.
New York session also made a come back after absence during the 4th of July with a swing failure
liquidity grab of previous high. Will continue to monitor the price action as it develops
Not Financial Advice
Mind Your Risk