Bitcoin Setting Up For Massive Bull Trap?
This massive pump on BTC today and on the 1 min and 3 minute time frame, pushing toward a huge resistance level at 
48K feels eerily like a massive Bull Trap, that could reverse quickly and suddenly.
48K is not likely to hold on the first push, and there's not much support below us, so I recommend extreme caution and to take profits here and going into the weekend.
The best case scenario for longer term BTC appreciation this year would be a pullback to put in a higher low, above the recent lows -- anywhere between $35,000 and the 1st Fib Retracement from current levels which could take us to $36,500.
Happy Friday the 13th.
That is all.
48K feels eerily like a massive Bull Trap, that could reverse quickly and suddenly.48K is not likely to hold on the first push, and there's not much support below us, so I recommend extreme caution and to take profits here and going into the weekend.The best case scenario for longer term BTC appreciation this year would be a pullback to put in a higher low, above the recent lows -- anywhere between $35,000 and the 1st Fib Retracement from current levels which could take us to $36,500.
Happy Friday the 13th.
That is all.
25-year investor & trader, bought 1st BTC at $20
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstream.io/work-with-me
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Trading Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstream.io/work-with-me
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