Now we come to the idea. Here you can see how fast a trend can change. Many think that just because they see a formation like the , Bitcoin is rising. But in truth we have not received any confirmation yet. If it were that easy, everyone here would become millionaire instantly. In my opinion, the bulls do not have the strength to gain the upper hand. For me a bull trap.
Here's an example:
In addition, you can currently see a breakout in the 1h and 4h charts.
In a breakout you can see in the examples below, he starts a downtrend. Of course I believe that the current structure has not yet been formed. According to my estimations, we will form a triangle. It's just my opinion, I would not count on it.
Currently I would leave the hands of Bitcoin . Let's see what will happen next.
By the way: If you are new in crypto and you just want to invest, then you can do it, because long term Bitcoin will go up again.
For more I keep up to date.
Thanks for the great support I am currently experiencing!
Therefore, there is already the possibility that we test the 9000 range again before it goes down. Do not be shocked, we will fall after that. That means that I am still bearish and I am convinced of my idea. As soon as we break the $9000, many will be bullish again as they will think we have confirmed the inverse head and shoulders, which is not really one.
Question to you: Is this the real bull trap - what do you think?
I just can not imagine that everyone will be right with their idea, because that never happens. Most things happen in trading that many could not have imagined.
Call me genius.