BITCOIN is currently looking to break the 25k resistance which bears have been defending due to the SL liquidity above/grows as the bear trap is being set.
The true area of resistance is much higher in the 26.4-29k area, so we are in a bear trap at present.
Price is holding and closed recent price gaps to maintain bullish momentum upward (23.1k)
My other technical indicators also support the idea. (not shown on screen)
Long entered $23'300
SL $23'100
TP 1 25.4k
The true area of resistance is much higher in the 26.4-29k area, so we are in a bear trap at present.
Price is holding and closed recent price gaps to maintain bullish momentum upward (23.1k)
My other technical indicators also support the idea. (not shown on screen)
Long entered $23'300
SL $23'100
TP 1 25.4k
Note
Trade closed. bearish action in control, see short post.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.