Bitcoin price is going up slowly. It is getting ready for 5th bullish trap. lots of investors are waiting for all time high after descreasing of interest rates. It may be a bullish trap. Because market maker likes these days. When lots of investors are bullish, market maker makes bullish traps.
Here you can see daily chart of Bitcoin. It may be the new bullish trap in a few days. Even Bitcoin price broke up the top line of descendinh channel whick I shared it a few months ago, Bitcoin price may go down again.
Here you can see the indicator below this chart. MACD Indicator touched great resistance! Fisher Indicator is on the top and may reverse in a few days. It is on the sky as end of March! These indicators supports my thesis about bullish trap..
These Indicators may reverse in a few days. If it happens, Bitcoin orice may do down 8-days moving average. It is happens, Bitcoin price may break down uptrend line. These will be the trigger for entering down trend.
When Bitcoin enter downtrend, today and tomorrow will seem as a bullish trap and We will write it as 5th bullish trap! I am following this scenario. I think It will happen.
We will enter important days for Bitcoin price when most of investors are waiting for all time high.
You should be careful after reading my post.
We will see..
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@tipu curate
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