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BULLTRAP BITCOIN - Roadmap February

This is my analysis on Bitcoin for the month february

Please leave a like or leave a comment if you have a different view on this price action.

Explanation:

Wave 1: Sharp move to hunt late shorters /exit of short positions

Wave 2: Long consolidation period to towards the line of our channel

Wave 3: Nice move to the upside, 1.382 of wave 1, taking out stop losses

Wave 4: Bullish flag , now with D (max pain point imo) Taking out high leverage positions in consolidation area, to take out high lev longers later

Wave 5: Biggest wave of this channel, take out all the shorters before making next move

This is not financial advice

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