Mihai_Iacob

Bitcoin- Genuine reversal or bull trap?

BITSTAMP:BTCUSD   比特币
Yesterday was a crazy day for BTC, with the price rising strongly about 15% (also stopping me out from my short trade) and now the big question is: Is this a genuine resumption to the long-term uptrend or just a bull trap.
Looking at the chart we can see that 35k is marked by 2 long-tailed daily candles indicating buying power and also there is the possibility of a double bottom. On the other hand, 45k is very strong resistance with price reversing from there from the beginning of the year.
Although I don't rule out a reversal, what I would like to see is a higher low around 40k and a break above 45k for confirmation.
Till then, I sit on the bench and wait for further price development.



🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。