BTC has been moving up in a probable bull trap and is currently encountering a huge resistance zone around $18,600.
Volume has been dropping while price has been increasing, and the probability is now low that we will push through this zone. On the hourly and weekly we are overbought on the RSI.
I suggest we will see a short term reversal, continuing the correction lower to the $15,000-$16,000 zone, followed shortly by the bulk of the bull run going to ATH.
Not a financial adviser, not financial advice. Opinion and entertainment only.
Volume has been dropping while price has been increasing, and the probability is now low that we will push through this zone. On the hourly and weekly we are overbought on the RSI.
I suggest we will see a short term reversal, continuing the correction lower to the $15,000-$16,000 zone, followed shortly by the bulk of the bull run going to ATH.
Not a financial adviser, not financial advice. Opinion and entertainment only.
Trade active
Lower lows and lower highs over the last 4 hours. Price moved from ~$18,670 to $18,350, then back up to about $18,570 before sliding lower currently.Trade closed: stop reached
btc decided to moon. Cant win them allDisclaimer
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