Bitcoin, a true breakout or another bull trap?
Updated
Bitcoin has corrected 52% from its highs. This is quite a big drop. You can see the trend line on the chart. The bulls have tried several times to break through this resistance. But each time it ended in a trap and a false breakout.
It's also worth noting that each time there was a move down, volume appeared at the bottom. This is a good signal. In the event of a squeeze and a breakout, there could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
It's also worth noting that each time there was a move down, volume appeared at the bottom. This is a good signal. In the event of a squeeze and a breakout, there could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Note
Trade closed: target reached
1st hitNote
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