The bulls and whales have been propping BTC up for the last week now, but despite their support the pump is not gaining traction. I am still seeing bearish indicators across the charts. In a previous charts I showed that the pump was most likely over for now, a bull trap was being set, and today I think some bulls were trapped despite my warning in previous charts.
I'm building rep, please like my chart if you like it ;)
- Bulls were trapped in the sub $8200 zone, if they did not captures their profits sooner (I gave warning about this dump in a previous idea)
- Volume is overwhelming bearish even during the current drop, there is huge sell pressure and all the major volume is red.
- I don't know if we've hit a bottom yet, I think it could go to $7000 (but I honestly have no clue atm)
- I am on the sidelines waiting for it to go lower :)
I'm building rep, please like my chart if you like it ;)