BTC Moving inside Micro channel
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could touch 7900
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it could be a bear trap - unless it move past 8022
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To be going down , BTC has to exit past 8022 . if not its a Bear trap and a fake drop
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two minute Graph version - if BTC hits 8110 this will makes double bottom .
So BTC can bounce up here.
So BTC can bounce up here.
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The two minute Graph above shows BTC has bounced off the double bottom at 8110
8175 is required to confirm the bounce upwards.
8175 is required to confirm the bounce upwards.
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this is a bear trap shake out, which can drop to 7900/7800 or worse case 7400.
One this bear trap completes BTC should shoot back up and complete the movements to the 8800 area.
The real Bull-trap happens comes after BTC hits close to around 9k and will drop BTC close to the 4k area.
One this bear trap completes BTC should shoot back up and complete the movements to the 8800 area.
The real Bull-trap happens comes after BTC hits close to around 9k and will drop BTC close to the 4k area.
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BTC can attempt reversal here at 7900
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There perfect bounce spot will be around 7460 and the reversal at 7900 should be temporary .
