Huge bull trap coming
Updated
Coincidence?
I am expecting a cross of SMA until we experience another dip like the examples are showing.
At this moment a bull trap will take place. Many will think Bitcoin would make an inverse head and shoulders or it would be the golden cross.
For many, this will be a hard hit on the face.
Take care and do not get too greedy. In a bear market, something bad can happen very quickly.
But remember: You will always get new entry or exit options.
I am expecting a cross of SMA until we experience another dip like the examples are showing.
At this moment a bull trap will take place. Many will think Bitcoin would make an inverse head and shoulders or it would be the golden cross.
For many, this will be a hard hit on the face.
Take care and do not get too greedy. In a bear market, something bad can happen very quickly.
But remember: You will always get new entry or exit options.
Note
I just see again, many trader on Tradingview are bullish again.I see some inverse head and shoulders as suspected above.
That's a good indicator that we're on the right site. I'm still bearish.
Note
If I see a breakout or something I will inform you guys, because this will mean that we will go veeery high. But if there isn't a breakout this will be a bulltrap.
I keep you up to date. Right now it is very difficult to predict the situation.
Patience is key.
Note
Currently I am bullish until I reach my target with ripple.Trade closed: target reached
Crash has started. It was a bull trap :)
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