$BTC - Daily technical update bull trap on ATH Watchout

in #btc • 7 years ago (edited)

Today the main driver of the $BTC was the announcement of Bitflyer opening and exchange in the united states for the firs time.

The BTC price skyrocket following the news and that trigger a short covering reaction that push the price to 11500$.

The breakout of 11000 clearly a bull trap as you can see on the hourly chart the negative price action following this move. Big players chase stops and then take positions for a decent 1K drop.

I have a target around 9500$ for the BTC over the next couples of days.

Follow daily for more chart analysis on #crypto

Wish you good trades :) !

DISCLAIMER: POST ARE MY OWN OPINION NOT ADVICE TO MAKE ANY KIND OF FINANCIAL INVESTMENT, INFORMATION ONLY

$BTCUSD.png

#trading #cryptotrading #crypto
7 years ago in #btc by
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