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Friday, January 13, 2023

BTC ready for is a Trap

BTC ready for is a Trap

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Hello Birdies,


A exciting week this was. But stay cautious this is a bull trap in progress.

As you all know we trade what we see RIGHT!

So here is what we are seeing on our weekly chart.

  • The falling wedge going to work as a bull trap.
  • There is a huge trendline which was broke down and converted into resistance
  • The trendline starts in Jan 2021
  • Converted to resistance in Jun 2022
  • Retested as resistance in Aug 2022
  • Its going to test it again somewhere in Feb 2023
  • Work as a trap and boom

Don't beat the line after snake is gone. Trade what you seeVia TradingView Ideas

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