Bitcoin - Ultimate bull trap, soon a big crash! (must see)
Updated
Bitcoin really cannot continue in this parabolic uptrend. Why? Because if yes, it would hit around 600,000 USD by December 2025. Of course that's impossible, so the only option is to slow down. Bitcon still hasn't made any bigger correction in past weeks and is currently facing a very significant psychological resistance of 100,000 USD. I am really not buying because the Moon Boys are back and first we need to see a shakeout and a flash crash.
85k is a very reasonable support because it's the end of the massive FVG (fair value gap) on the daily candles. Also, it's the start of the first price action on the volume profile. This is where you want to buy.
What we cannot miss is the symmetrical triangle on the 4H chart. This to me looks like a bull trap on retail traders because everyone would buy the breakout. So there is still a possibility of making a last push to sweep liquidity (stop losses).
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
85k is a very reasonable support because it's the end of the massive FVG (fair value gap) on the daily candles. Also, it's the start of the first price action on the volume profile. This is where you want to buy.
What we cannot miss is the symmetrical triangle on the 4H chart. This to me looks like a bull trap on retail traders because everyone would buy the breakout. So there is still a possibility of making a last push to sweep liquidity (stop losses).
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Trade active
Bitcoin crashed by 13% to around 90,000 so far. I warned you about this bull trap, and it really happened. A lot of people got liquidated with 10x leverage. I read the comments, and most of them were negative from the Moon Boys, so that was another warning that the sentiment was extremely bullish, and this is when the whales step in and take away money from them.
The trade is active, and I expect 85K to be hit. If you took a short position at 100k, stop loss 105k, profit 90k. That would have been a very nice, successful trade with a risk-to-reward ratio of 2:1.
Trade closed manually
The triangle that I mentioned was definitely a bull trap. We can see that the price went above only to take liquidity and buy orders from traders. After that, we saw a huge drop. It happened really quickly, and most short-term traders got stopped out/liquidated even with a relatively small 10x leverage.
This is what I warned you against. You need to be always prepared for such patterns. Right now, we want to see more confirmation.
Note
I think we should see a pretty significant correction; this cannot go up like this with this speed for too long.Note
I am still bearish. Expecting a drop: My new analysis.
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