Bitcoin has very strong momentum with weekend's bear trap
On 30min chart, since June 11 Friday evening, the whole weekend was in bear range though on Friday, 180min chart had a good sign of entering bull market, then back to bear range again over the weekend.
Now we can see the whole weekend trading was a bear trap. However, during the mean time, nobody can promise this is a trap. What traders can do is to follow the market and trade what you see and trade in your time frame. Don't have a wishful thinking. If you think it's a bear trap, either wait and see or consider it's a bear range until bull takes over.
Short term, BTC should have a slight pull back, but since 180mi and 30min chart both strong, the pull back would be a good entry to enter long.
Now we can see the whole weekend trading was a bear trap. However, during the mean time, nobody can promise this is a trap. What traders can do is to follow the market and trade what you see and trade in your time frame. Don't have a wishful thinking. If you think it's a bear trap, either wait and see or consider it's a bear range until bull takes over.
Short term, BTC should have a slight pull back, but since 180mi and 30min chart both strong, the pull back would be a good entry to enter long.
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.