Huge bull trap
Updated
Today it was confirmed that the MACD had a bearish cross in the weekly chart, which we had a very long time ago.
When it happened in 2014, we dropped the next few days very quickly, which is common in a parabolic chart.
That was exactly the case at Nasdaq, for example.
Therefore, I will continue to stay in dollars and run margin trading to gain wins in the ''crash''.
Also, one thing that makes me sure that we are already on top of a bull trap is the fact that we are still in a down trend and that everyone is bullish at the moment. As the rule says, sometimes you should do exactly the opposite of what others do.
This shows how naive and greedy we humans are, even though we had these scenarios often enough earlier.
My targets, where I will go shopping:
1. ~ $ 7500-8000 ------- 2. ~ $ 4000-5000 ------- 3. ~ $ 1500-2000
Good luck!
Note: My other ideas are now closed manually
Weekly-Chart-Comparison:
When it happened in 2014, we dropped the next few days very quickly, which is common in a parabolic chart.
That was exactly the case at Nasdaq, for example.
Therefore, I will continue to stay in dollars and run margin trading to gain wins in the ''crash''.
Also, one thing that makes me sure that we are already on top of a bull trap is the fact that we are still in a down trend and that everyone is bullish at the moment. As the rule says, sometimes you should do exactly the opposite of what others do.
This shows how naive and greedy we humans are, even though we had these scenarios often enough earlier.
My targets, where I will go shopping:
1. ~ $ 7500-8000 ------- 2. ~ $ 4000-5000 ------- 3. ~ $ 1500-2000
Good luck!
Note: My other ideas are now closed manually
Weekly-Chart-Comparison:
Note
If we Bitcoins closes the daily candlestick below support at $10400, I am expecting a bloodbath.Means: Huge sale for us :)
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