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Eyeing on a NEW ATH OR Is it JUST A TRAP?
Eyeing on a NEW ATH OR Is it JUST A TRAP?
Bitcoin had a beautiful daily close, but it’s still trading below the dynamic support trendline. A sharp bounce off the 50 EMA resulted in a strong hammer candle, a promising sign for the bulls.
Was this a trap?
Are we on a path to a new all-time high while many players have already been shaken out and liquidated?
The next few daily candle closes will give us the answers.
Bitcoin had a beautiful daily close, but it’s still trading below the dynamic support trendline. A sharp bounce off the 50 EMA resulted in a strong hammer candle, a promising sign for the bulls.
Was this a trap?
Are we on a path to a new all-time high while many players have already been shaken out and liquidated?
The next few daily candle closes will give us the answers.
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