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BTC flipped the 200EMA back to bullish - Was this a bear trap?
Bitcoin / TetherUS
Long
BTC flipped the 200EMA back to bullish - Was this a bear trap?
By Joel_CoachK
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Updated
May 25, 2020
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May 25, 2020
Due to alts humming and breaking massive gains by throwing darts at a board we can see that we may have actually be in a bear trap.
BTC 4he 200ema flipped and now a hammer is forming off resistance/ 200EMA.
This could get back to 9000-9100 and higher if we gain momentum and some of that alt gain money flows back into BTC.
Trade, Chart, Learn, Repeat,
Coach K
coachkcrypto
May 25, 2020
Order cancelled
We did not flip the 200ema so entry into this one would not be advised!
Jun 1, 2020
Note
We did end up flipping the 200ema! and look at where we went!
4hr
beartrap
Beyond Technical Analysis
BTCUSD
Chart Patterns
Exponential Moving Average (EMA)
Trend Analysis
Joel_CoachK
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