BTC with a big move last night.
Could it be a false break out?
If it can hold the upper trend line as support it would be a sign of a continued move upwards. A drop below could see us tumbling down and the bull trap would be confirmed.
Would stay vigilant and not get too excited yet.
Looks promising on this 4 hour chart though.
If it can close the day near this level it would also be a good sign, having printed a bullish engulfing candle.
Could it be a false break out?
If it can hold the upper trend line as support it would be a sign of a continued move upwards. A drop below could see us tumbling down and the bull trap would be confirmed.
Would stay vigilant and not get too excited yet.
Looks promising on this 4 hour chart though.
If it can close the day near this level it would also be a good sign, having printed a bullish engulfing candle.
