Main Fact: BTC from $69000 to $45128 is bearish!
Fact 1: $32900 is the lowest price since $69k
Fact 2: The $32900 Confirmation is missing
Fact 3 : Hidden Price Trend: 1st quarter lowest $28850 -> Mid lowest $28805 -> Waiting for $28xxx next
Fact 4: A NEW Head & Shoulder pattern (Could be bigger than the one before!) - *Shown on the Last Picture- Need to stay alert!
-----------------------------------------------------------------------------------------
Since we are in the middle of the chart, some facts for the (upside target) bull trap -
1. $45128 is the Highest since $32900 on 10th Feb, 2020
2. Some supports (as shown on the 2nd picture) between $39800 to $36800
--------------------------------------------------------------------------------------------
Personal View: Ever since Bitcoin last dropped to $32900, its price has climbed up by almost $13000 and now at $42,123. Is crypto market on the bull run now? No, it is a bull trap. The fact that we are still missing the confirmation ever since the $32900 drop on 24th of Jan, 2020, meaning the price will eventually come back down. At the same time, as I pointed out previously, there are hidden price targets at around $28k meaning we will get there soon or later.
At the same time, since bitcoin reached $45128 (the highest since $32900), it is likely BTC will re-visit the 45k region, as a matter of fact, all of the previous supports that were turned into resistance under 50k are worth to be aware of as well. In case someone is shorting bitcoin, I would leave plenty of margin in case of a quick price surge to $57k or higher! High leverage trade never works on a big market cycle unless you really know what you are doing or you are super rich. Another thing is there is also chance we may see a btc drawback to $39800 - $36800 before the bull trap resumes, simply because BTC dropped to $41550 today which is considered to be the lowest since $45128.
****************** This is important!!!**********************
As I believe the $13000 increase is simply a bull trap, in fact, I found in a 6-Day chart that Bitcoin could potentially be forming a huge head & shoulder pattern that could be done in just a few days from now! Always take your profit when it is time. Even if you are a holder, do have a look on my previous post on how to protect the value of your assets. You could even gain more bitco
ins! Best luck to all!
--------------------------------------------------------------------------------------
The potential crypto on my list: Presearch (If you do not know Presearch, please check out my previous post)
Please use my referral link to sign up for Presearch, we both will receive 25 PRE Token bonus
https://presearch.org/signup?rid=1892143
----------------------------------------------------------------------------------
The potential "2nd Binance" on my list: Kucoin Token (Do check out my previous post for some potential targets)
Kucoin exchange if you would like to get some KCS and PRE token:
https://www.kucoin.com/land/register/r/1h2ba1N
-------------------------------------------------------------------------------------
Channel support is highly appreciated:
BTC: 3BssHqtftLAsAwDtN4QVMhJP25chWmT7Tf
Eth: 0x36AeeaF52F08c5e87cf2ac7B94C090d8d89Ba37F
