BTC Bull Trap #2
For an instant replay, see the related idea about the first bull trap.
The Dual BARR top (see other related ideas) speaks to the tendency for BTC to produce a second spike following a breach of strong support/resistance. This second trap setup follows the same logic and works almost like a bearish confirmation in this case, rather than a sign of the new bull trend.
Thus, just gonna wait until BTC hits the green text box before considering a long entry. It is well worth the extremely low probability of a new uptrend starting without hitting this area.
-Dos TrapPigs
BITBAY:BTCUSDT
BITBAY:BTCUSDT
BTCUSD
TOTAL2
ETHUSD
ADAUSD
DOGEUSD
The Dual BARR top (see other related ideas) speaks to the tendency for BTC to produce a second spike following a breach of strong support/resistance. This second trap setup follows the same logic and works almost like a bearish confirmation in this case, rather than a sign of the new bull trend.
Thus, just gonna wait until BTC hits the green text box before considering a long entry. It is well worth the extremely low probability of a new uptrend starting without hitting this area.
-Dos TrapPigs
BITBAY:BTCUSDT
BITBAY:BTCUSDT
BTCUSDTOTAL2ETHUSDADAUSDDOGEUSDRelated publications
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