Bitcoin
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BTC/USD - STRONG BULLTRAP FRACTAL SIGNAL | WEAK VOLUME / FAKEOUT

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Bitcoin Is Showing Many Similarities Compared To Behaviour In Late 2018:
  • Price consolidation for over 70 Days
  • RSI consolidation for over 70 Days
  • Weak/Low volume pump up for a few days
  • Followed by a deep crash by over 50%


Bitcoin Here In Mid-2020 Is Showing Very Similar Behaviour:
  • Price consolidation for over 70 Days
  • RSI consolidation for over 70 Days
  • Weak/Low volume pump up for a few days


If this fractal were too playout, a deep crash is expected very soon, confirming the play-out of a bull-trap.
Price has yet to make a higher-high, ~$10,500, and this may be another weak, unsuccessful attempt at doing so.

[I]Late 2018:[/I]
anlık görüntü

Mid 2020:[/I]
anlık görüntü

VERDICT: Based on the vast array of similarities of the current price behaviour compared to late 2018's behaviour, I believe the recent price pump is a bull-trap and I expect a deep crash very soon.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.