Bitcoin is currently on a short bullrun as I'm making this chart but beware!
A lot of FAKE PUMPS! Even if we break 9k we can go DOWN. Even if we break 10k we can still go down!!!
Breaching 12k would be the only safe bullish area!
Look at Bulltrap 1a and 1b! This tricked many buyers.
Many people first got into bitcoin at 16k and they are hurting right now, as...
I've been using this chart the past few days for myself, but since it's pretty accurate so far I thought I'd publish it.
If you find any value please upvote so I am able to post comments in the future. Still new here.
If we break the current range of trading we can see 8.5k where we would try to retest and break 9k although unlikely at the current time.
First off this is not financial advice.
I notice a slight breach in the most recent downtrend line and a head and shoulders forming, which can bring us up to 900ish and back down for a bounce up to breach the main downtrend line.