I believe that we experienced in the last 2 and a half month is a bear trap.
Facts: - 1.618 golden ratio hold. - ARK buys the dip - Besides ARK my institution accumulate - Elon Musk holds even though I am not a big fan of his, many people expected that he dumped his coins before TSLA earning report - Little whales accumulating - MVRV ratio is on the ground (usually it signs an upcoming rally)
BULLISH CASE:
- break out from the falling wedge - Break out from RSI resistance line