BTC up in the last week! But is it a Bull TRAP?

This is my opinion and you can take it how you want it, but I believe we have a bumpy month coming ahead and we might just see the last dump before the BIG bull run starting soon after. I believe we will have a drop down to the $5200 levels and then a small dead car bounce after that, with a bigger drop to the low $4ks maybe even mid to high $3ks.

Good luck and do your own research before investing in anything.
Trade responsibly and never use money you are not willing to lose.

Comentarios:

BTC H&S in play. Target could be High $3ks - low $4k's

Comentarios:

BTC had a large amount of volume around the current levels, this is why is still trying to hold on to dear life. But a break below $5.7k will bring BTC down hard, $4k being the first stop then if it breaks that, $2k's coming right after that.

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BTC has been fighting to stay over $6k, I know no body wants to hear this, but there is a real good chance BTC will break below $5.8k in which case the $4k's will be in play. Once we hit the mid $4's BTC will has a chance to bounce, but a break below that and BTC could see some bad times and the $2k's could be very doable.

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Sorry, wrong chart!