BTC is showing absorption signs at a high timeframe support level.
Agressive sellers getting too comfortable.
Late shorters getting trapped and likely to get punished soon with a move to the upside.
Targeting the 9000 area.
Break and close above 8264 will be the confirmation for the anticipated move.
Agressive sellers getting too comfortable.
Late shorters getting trapped and likely to get punished soon with a move to the upside.
Targeting the 9000 area.
Break and close above 8264 will be the confirmation for the anticipated move.
Comment:
So was it a bear trap? :)
