Bitcoin Bulltrap activated | Final support is under attack
Hi all,
as I mentioned here: (https://steemit.com/bitcoin/@hasenmann/bitcoin-chart-of-support-and-resistance), BTC is on a downwards trend. We had several lower highs and did not manage to gain some terrain on the upside. So as I wrote, if we fall under 30.000$ it´s getting dangerous.
So what happened two days ago was a so called bulltrap. The price rose during the day to a new high in order to end the downwards trend. Just to close at the end of the day again under the level of 34.000$.
So the next thing what happened was that the price could not attempt another attack on 34.000$ and then fell under the 30.000$.
So stay alert if you´re looking for a dip to buy. Could get interesting in the next days.
I expect a fight for the level of 30.000$ in the next days. We could see some real quick upmoves if bigger market participiants buy the dip.
The next real support is at about 20.000$ if you take the old all time high from 2018.
Take care and HODL!
Cheers,
Hasenmann
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