Bitcoin's Fake Breakdown: Another Bullish Signal (We Go UP!)
Bitcoin breaking down is bad because we are at an important phase for Bitcoin and we saw one recently that we can now say was completely fake.
A fake breakdown, or bears/sellers rejection, is a perfect signal.
Bear trap, shakeout, whatever you want to call it, Bitcoin is moving back up after yesterday's drop .
We remain on Bitcoin short term and have an active trade for it with over 100% ROE potential.
You can see it here:
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All I keep an eye on is how every main alt is performing while BTC is sideways, this is what whales do, they accumulate alts, then when they have enough, they pump BTC to the hilt, increasing every ALT with it, then dump once they get their profit margin. Welcome to the real world, rich get rich, poor get poorer.
Keep up the analysis Alan, some of your trades make good money, not every trade is perfect or you would not be here, you would be on your 100million dollar yacht......