BTC - Very suspicious movement and could be a Bulltrap

16 Şub 2023

This sudden move up looks like a Bull-trap to me and I''m expecting price at the minimum to return to the 18K area

16 Şub 2023

Not

Id call it suspicious because if the wyckoff labeling is applied then my thought is BTC is still in phase B .
If BTC is still in phase B then a lower low in phase B , labelled as msow ( minor sign of weakness) will require an additional test.

Which means the market makers will have to move price back to the 18K area at the minimum for another test.

16 Şub 2023

Not

Hence my thought is that any moves up are going to be Bull-traps until the test move down has been completed by the market makers.