BTCUSD - Short Term Break Out. $7.9k?

Bitcoin / U.S. dollarBitstamp

Huraian

⋅ 2 Apr 2020 pukul 17.44

Bitcoin is currently breaking out to the upside. If the next 4h candle closes above the below red rectangle area, we would be looking for a long positions, if the price retraces a bit with small volume. This was meant to be a quick update, cheers!

Komen

Mudrex

⋅ 2 Apr 2020 pukul 17.50

Do you think might be a bull trap?

SmartCryptoAssociation

⋅ 2 Apr 2020 pukul 18.44

@Mudrex, From the looks of it, it can very well be! watching closely on footprint charts to better understand the micros of this price action.

Mudrex

⋅ 3 Apr 2020 pukul 07.20

@SmartCryptoAssociation, it did happen to be a bull trap!
Nice analysis!

Lebih