There seemed lots of bullish traps on Bitcoin price chart. I shared lots of post in a few days and said about bullish traps on Bitcoin price chart. Yesterday I shared a post and said I will be out of market for a few days. I was waiting this move. Even Bitcoin price seemed broken up downtrend line, It went down today.
It also seemed broken down uptrend line today. But all of market dive into red.
Is this a bearish trap?
It may be early to say it is a bearish trap on Bitcoin price chart before all time high. Even RSI Indicator retested the support line as resistance, MACD and Fisher Indicator is at warm side. We need a few days to see Bitcoin price direction.
I will follow this pattern for long time. It may take 2 months. It may be early to see all time high again.
We need to see dropping of interest rates to enter mega bullish season.
We will see..