BitcoinShort
BTC approaches bull trap
BTC approaches the bull trap idea I have been theorizing for weeks. I am eyeing daily OBV heavily here as well as Bollinger bands. It is very hard to tell where we go from here but we have never not had a 30-40% correction leading into the halving. The correction would be a healthy reset for a prolonged impending bull market. I am not shorting just yet, and if I do it will be small positions likely on BTC miners and maybe coin stock as puts.
I will 100% short 52k if we get there too quickly or if OBV if clearly lost to this trend line.
I will 100% short 52k if we get there too quickly or if OBV if clearly lost to this trend line.
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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.