Hello traders! The bull trap was set and laid again for a second day. We advised traders of this and we hope they paid attention and avoided suffering losses.
Price moved back into stiff psychological resistance at $4,000usd early in the US New York session. Hopefully margin traders weren't tempted to pull longs for $5,000. This price action has potential to play out the same bull trap over and over until enough fish are caught in a net and a large drop occurs.
We advise a sideline position to INVEST in bitcoin at lower levels. Exceptional value will be found at $3,000usd or less. Patience is key and if you can wait, the market will give you these prices.
Follow me for our future market updates!
Do not trade cryptocurrency on margin, ever! It is simply too volatile of a market to consistently "win" in most cases even with good money management.
Happy trading.
Poprocks has traded currency in the forex market for more than 10 years starting back in 2006. Many a fortune earned and lost. I lean on those experiences to draw up analysis on BTC price movements.
If you liked this article, please follow, upvote and resteem.
For donations: BTC Donation Address:
1EiX3adHqYfG1udor22csYqa1ZwRJnodo8
Thanks for sharing this.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you, I am glad you liked it.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If you'd like to follow these Bitcoin updates, I have begun tagging them with poprocks. A search with that term should pull up the latest and previous posts. Thanks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
OMG... Thanks for the Luv!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit