mycotoxin

BTC Moving inside Micro channel

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BITFINEX:BTCUSD   비트코인
BTC Moving inside Micro channel
코멘트:
could touch 7900
코멘트:
it could be a bear trap - unless it move past 8022
코멘트:
To be going down , BTC has to exit past 8022 . if not its a Bear trap and a fake drop
코멘트:
two minute Graph version - if BTC hits 8110 this will makes double bottom .
So BTC can bounce up here.

코멘트:
The two minute Graph above shows BTC has bounced off the double bottom at 8110
8175 is required to confirm the bounce upwards.
코멘트:
this is a bear trap shake out, which can drop to 7900/7800 or worse case 7400.
One this bear trap completes BTC should shoot back up and complete the movements to the 8800 area.
The real Bull-trap happens comes after BTC hits close to around 9k and will drop BTC close to the 4k area.
코멘트:
BTC can attempt reversal here at 7900

코멘트:
There perfect bounce spot will be around 7460 and the reversal at 7900 should be temporary .


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