RE: Is Bitcoin Setting a Bull Trap or About to Push Higher?

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Is Bitcoin Setting a Bull Trap or About to Push Higher?

in bitcoin •  6 years ago 

weekly 200 EMA is at 4900, If there is no bounce there, then SHTF

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I forget about the 200 day, see price needs to back and fill for sure. I think we could see price bounce around 10-12k range for some time (most bullish scenario) and I really think I will get my chance to buy at 8,500. Crazy to think I may have a few thousands points to the downside on an entry like that if it comes.