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B166ERcrypto

Are Insiders Testing FOMO Right Now? Is it a Bull Trap?

Bitcoin (KRAKEN:BTCUSD)  
B166ERcrypto Updated   
KRAKEN:BTCUSD   Bitcoin
Trend Analysis
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3
trendanalysis
Someone is making a run at the 50/200DMA Death Cross. Looks like it could be a test to see if moonboi's will lose their minds enough to buy in with a big FOMO candle. Considering such likelihood of rejection, it may also be seen as a "last hurrah" of selling before they take the market down further, trapping moonboi's in bad trades.

Note: Market Structure still hasn't changed since the dump from 10k. Price is still within a descending channel.
Comment:
Welp, that certainly was a fakeout, then a last hurrah before market makers took the price down lower. Made it to 6500 so far!

Peace, Love, & Crypto,
B166er
"You didn't come here to make a choice, you've already made it. You're here to try to understand why you made it."
―The Oracle
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