TradingView
bitcoinninjacd
Jul 8, 2019 7:21 PM

BTC Short Idea 

Bitcoin / US Dollar IndexBitMEX

Description

BTC has made 4 progressively lower highs on the 4 hr. Volume is about 1/4th on the daily what it was on the last push to 12k. And 1/8th what it was during the first push to 12k. I believe we are looking at a bulltrap. The trip down to 9600 range was merely an opportunity for the market makers to buy BTC that theyre going to sell to you at 12k before they dump it again and crush the longs that jumped in. Be mindful of this action as well as the possibility that BTC may get driven up for a double top at 13900 prior to a much deeper retrace.
Comments
Make_Money_Guru_Bitcoin
good job
transparent-fx
appreciate that you are willing to share your view, i'm sure you would also like my content, go take a check if wish
More