For the past couple of days Bitcoin has been going up and up and up and up, at first I thought it would continue to go down, Bitcion did go up but its not completely out of the woods, we still need the price to go over the $11,200 area for this to be confirm.
The long term charts are the once I use as confirmation for trend reverse, the 1 hour, 4 hour, 1 day this are the charts I commonly use for macro trend identification and for now its a bit hard for me to take a decision on what will probably happen next, we see the 1 hour and 4 hour chart a bit bearish based on indicators like the macd and rsi, but then if we take a look at the daily this two indicators look bullish. 11k could be a bull trap, whales pumping the price for everyone to jump in provide liquidity and then dump all the coins they bought down in the 9k area, if this happens we may hit back the 9k or in worst case the 8k area, here a video I made today explaining my thoughts about the market.
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BITCOIN AT DANGER ZONE - TRADING CRYPTO 0002 | Ecency
