BitcoinShort
BTC, potential massive bull trap in progress.
Updated
Two powerful green candles in daily chart all in, right? Be careful, there is a major move coming in weekly chart. BTC right now is forming another strike of bear divergence in OBV, the pivot is the 20700$ area. If BTC continues stalling here you will see sell signal in Coppock Curve and that combined with a bear divergence in OBV will be the trigger for the weekly chart move to the downside. That is the scenario I am looking for.
Invalidation: BTC must have a powerful break above 21k, no more sideways there is no time.
Invalidation: BTC must have a powerful break above 21k, no more sideways there is no time.
Note
Almost two weeks later and the resolution of this setup is playing out.The point of invalidation was too low also timing could have been better, but the direction was correct.
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