I called the bull trap in my previous analysis of BTC, the close and placement of last weeks Bullish Pinbar was chaos in disguise. Now i observe that history is repeating itself and the price movement is in line with September 2017. We are heading towards the final shakedown all thru September before the mega bullrun makes news in December 2020 and the herd moves...
Bitcoin playing games again? The weekly close printed a bullish pinbar at the close of $11730. The placement of the this pinbar and the price range indicates a Bulltrap in my opinion. Bitcoin needs to regain strength by visiting its EMA 50,100,200 to continue its leg up. For me the risk reward in this region is not favorable for a long.
Entry - $11700
EOS has broken out of the prolonged parallel downtrend channel, bouncing off the strong support at 2.85 which is also EMA 100, 200 at 1D candlestick. EOS/BTC is displaying strength as well. In my opinion it is a sure shot long.
Entry - $2.88
Exit - $4
SL - $2.8499