Bitcoin has very strong momentum with weekend's bear trap
On 30min chart, since June 11 Friday evening, the whole weekend was in bear range though on Friday, 180min chart had a good sign of entering bull market, then back to bear range again over the weekend.
Now we can see the whole weekend trading was a bear trap. However, during the mean time, nobody can promise this is a trap. What traders can do is to follow the market and trade what you see and trade in your time frame. Don't have a wishful thinking. If you think it's a bear trap, either wait and see or consider it's a bear range until bull takes over.
Short term, BTC should have a slight pull back, but since 180mi and 30min chart both strong, the pull back would be a good entry to enter long.
Now we can see the whole weekend trading was a bear trap. However, during the mean time, nobody can promise this is a trap. What traders can do is to follow the market and trade what you see and trade in your time frame. Don't have a wishful thinking. If you think it's a bear trap, either wait and see or consider it's a bear range until bull takes over.
Short term, BTC should have a slight pull back, but since 180mi and 30min chart both strong, the pull back would be a good entry to enter long.
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