Why BTC price might still be a bull trap
Updated
BTCUSD has been ranging the last two weeks. Now it's moving beyond 50k, long awaited by many. But it might still leave the range to the wrong side at the end of the day (week, maybe).
Why?
Never (at least in the last year) Bitty left a range like this with less than 10k daily volume (measured at KRAKEN:XBTUSD). At the time of writing we're gone past 50k, but on only 2.5 k trading volume.
Aussies did their bet, Asia is through, Europe (17:50 Berlin time) too, and US has only about 8 hrs to go, after being on the button for about 4 hours yet. There's not much to come yet, I guess.
There's just too little belief in the next bull run at this time, I think.
This is not a trading advice, just my private analysis.
Trade active
That was a nice success. Call the fall early, when most ppl aim to the moon ... just stop wishing. If it walks like a duck, looks like a duck and quaks like a duck - it's most probably a duck.
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