I called the bull trap in my previous analysis of BTC, the close and placement of last weeks Bullish Pinbar was chaos in disguise. Now i observe that history is repeating itself and the price movement is in line with September 2017. We are heading towards the final shakedown all thru September before the mega bullrun makes news in December 2020 and the herd moves in to buy the top. In my opinion the key levels for bitcoin to defend all thru september are $9200 and $7700. In the short term BTC should recover from this landslide and start distributing again at $11100 before heading down again.
My advice to you is stick to the basics and dont panic sell. Instead sell the tops and rebuy the lows.
Be safe! Tread with caution!
My advice to you is stick to the basics and dont panic sell. Instead sell the tops and rebuy the lows.
Be safe! Tread with caution!