Bitcoin fakeouts every now and then... Bull traps and bear traps are very common.
Today Bitcoin Brokedown of the triangle but yet to close below on 4h and on daily.
If this Breakdown is real, We may see 8500-8600 region next as logical support as per FIB Retracement. Strong Reaction expected here.
If we fail to bounce, we may see 8350-8400.
I am expecting a Wick towards 8020 which will just be a bullish Retest of the falling wedge we broke out from.
Today Bitcoin Brokedown of the triangle but yet to close below on 4h and on daily.
If this Breakdown is real, We may see 8500-8600 region next as logical support as per FIB Retracement. Strong Reaction expected here.
If we fail to bounce, we may see 8350-8400.
I am expecting a Wick towards 8020 which will just be a bullish Retest of the falling wedge we broke out from.
Trade closed: target reached:
8k Target Reached... Possible Dead cat bounce here before more downside. Because not the kind of reaction i would have liked at this area.