BITCOIN: What if this is a Bull trap?

BITCOIN: What if this is a Bull trap?
December 18 20:27 2018

I admit it. Volume has increased a bit…but, to tell you the truth, we are still so far from being out of “danger”…

I have changed the “Bullish Wedge” a little bit, mainly now forming a triangular A-B-C-D-E path.

After yesterday’s rise, BITCOIN is moving in a kind of Bull Flag around 3520 USD… This may be bullish but we cannot be sure about since it is playing very close to the overbought area of the RSI at the hourly chart.

At the daily, 200 dMA falling in the direction of our bullish wedge, despite still so far from crossing the price line…

Trade safe.

@toofasteddie


*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.


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toofasteddie
toofasteddie

Superconducting Engineer working for the development of the Fusion Energy, Dad, Crypto-Enthusiast and Runner addicted. I am in a "Continuous Learning Mode" as well I am always willing to share my knowledge about the fields and topics related with trading, Cryptocurrencies, Blockchain technologies and Sports, in particular Running and Athletics.

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