This looks like the timing is right for a halving dump.
i believe this will be the largest bear trap as we head into the bitcoin halvening I don't usually take this much risk on my trades, however, since I will be scaling in my spot buys, it is my belief that as long as the recent bottom at $6666 holds, my bull thesis is in place
Last bull run we found out that the Koreans know how to bitcoin. Check the KRW chart when there are discrepancies between various USD exchange charts. For example, it's hard to tell from this last move up if we broke out of the downtrend or not. Bitstamp says maybe no, Binance says yes. KRW settles the matter.
Last time the 50 MA crossed the 200MA, on the BTC/KRW pair, was Jan2016.
risk to reward is too good and worth a shot
stfu just posting this because chart looks a lot more bullish in KRW than in USD CME chart is probably the truther one of them all, no weekend spikes included show a weird pictuure anyways any long will be money this is financial advice this is not financial advice sftu
every long candle bars in extreme short minutes all has similar ratio 4~5%. and also those technical steps in which the price flows have same similar ratio 4~5%
But...
This is what might be happening IF we are indeed bullish.
Not worth scalping here. So much closer to the bottom than the top.