BTC is in capitulation phase of the classic bubble model. Failed to break upper resistance despite high volume at 6000 and EMA all broken. Market is extremely bearish until sign of reversal.
Trade closed: stop reached
Bullish engulfing candle confirms reversal.Note
If this is the bull trap, now is the time to short
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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.