Bitcoin Bull Trap Or Bull Run Lets Find Technically

#Bitcoin went down around @5800 Dollars in last Few Days. Lot of People said #Bitcoin going Down to @4900 Dollars. Some said Crypto Market is #Crashing. But Let’s Find Through Technical Analysis what will happen in Future.

According to Below chart just 1 Long Green Candle looks a Bull Trap but we will do Deep Technical Analysis to Find out exact reasons and Future Targets.

bull trap.PNG

Technical Analysis:

If you look Hourly & weekly RSI in Below Image Looks like #Bitcoin can go further Down so Now Green Market can be a Bull Trap. We have to find out Exact Targets & Correct Analysis.

Hour RSI.PNG

Weekly RSI.PNG

TD Indicator Analysis:

According to my TD Sequential Indicator if you look below Image its Already showing 7 Candles going down. It means now already #Seven weeks of Down Side. But According to TD Indicator Reversal will start after 1-9 Candles of downside. So according to my TD Analysis I can see 2 More Weeks of Downside. #Bitcoin also find Next Support @4900 Dollars.

TD Weekly.PNG

Bitcoin Targets:

I believe if #BItcoin again goes down to @5900 then it can go to @5500 Dollars and Further Support is @4900 Dollars. According to me for next 2 Weeks it will first reach to @5500 and then to @4900 Dollars before Bullish Reversal.

Precautions

The Best way to avoid this Market situation is through Patience. Dont do trading and dont Sell any coins in Loss, Your all Coins again will Reach ATH again. Just enjoy your Personal Life, Watch Market after Few Days and Do Meditation. Everything will be Alright in Few Weeks.

You can also find My #Indicators Free on Trading View Website Under crypto_piyush!

Please Comment about Your Thoughts on #Future #Bitcoin Price?

If You Like Please #Upvote & #Share to help #Cryptocommunity!

Wish You Success!

@piyush2516
@CryptoPiyush Online