Bull trap or not bull trap, it would not be wise not to trade at the moment, especially Alts (this is why i am almost only posting Btc charts, it should lead you the way to your alts decisions). We are still inside a pullback area, so a pullback is likely to happen. Adding at the .786 Fibonacci could be a good entry. Can it go lower? Absolutely. A break of 6.800 would indicate a retest of the 6.000 area, and some painful low prices till the summer, with my capitulation target of 3.500$ to be possibly reached. Add progressively. Use tight stop losses. You are trading yourself, for yourself. Here are my targets for this bullish run i was waiting for since the 6.800 area.
Good luck
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Finally, we have some normal Rsi.
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Idea of a quick Long trade with a good risk reward. Local bullish flag, resting above smma50. Long to 8.130$ Use the stop loss
交易結束：達到停損點
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Sometimes you have a pair of Aces, and the possible winning hand creates a small loss that had low probabilities to happen, but it happened. Poker players gotta love trading Bitcoin.
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Ok.
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We have a 1 day Doji cs forming. This could lead to a possible reversal of the previous bullish cs for tomorrow (we could have a bullish day tomorrow).
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*previous bearish candlestick* thank you samsung keyboard.
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Well. Looks like we can forget about the Doji candle!
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We are approaching to the first target of 7.700 as expected previously from the pullback area
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It is such a pleasure doing TAs about this market that is so reliable, easy to trade, predictable, full of logical patterns! Well, how can i say. I feel like predicting Bitcoin moves right now is completely useless and impossible. Better having a look at the big picture for now. It is extremely rare to have such a succession of pump and dumps, there is almost zero healthy natural patterns going on since the short squeeze. I am sorry if my TAs are not helpful. Do not short or long Bitcoin anymore for now. Getting some alts and "shit" coins instead of trading Bitcoin seems to be the wisest move for now. Stay away from the shorts and longs unless you are absolutely sure of your move.
@london55555,
Looks like govenrnents didn't call for him for nothing! They trust the good old George 100%
Giovi6969
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@london55555,
*G20 meeting*
"-Hey gentlement, how could we stop Btc threatening our Fiat control?"
-British Prime Minister :
"-Call Soros"
End of the G20.
NewYork888
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@Giorgioversace, "What about his destruction of our Pound in the 1990's Madam Prime Minister " "Don't worry about thatit's past history he's older now and certainly more mellow" LOL
Giovi6969
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@london55555,
Hahaha
He is much more skilled at soon 90 than he was on his 50's
I am certain he is also now taking much more pleasure doing what he excells at, as he does not care about money or glory at all anymore.
All he is telling is fund to do is by pure pleasure and self enjoyment i am certain.
Giovi6969
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@london55555,
Damn i just made myself laugh, because i might not be far from the reality.