BTC: Bull Trap and repeating Pattern. Target $5,800

15 Ağu 2018

In my opinion, we're in a Bull Trap. Dead-Cat Bounce.

There's a very similar Ascending Triangle forming on a smaller time-frame to the one we spilled from a few days ago. Similar Fractals, too.

Ascending Triangles are usually Bullish, however, in a overall Bear Market, Ascending Triangles will often spill to the downside.

I'm short right now with stop-loss at $6450. Target $5800 over next 24-48 hours.

Stay Sharp.

18 Ağu 2018

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