kareemynator

Bear Trap (BTC)

Long
BITSTAMP:BTCUSD   Bitcoin
I believe we maybe printing a bear trap. We have been in a bear market for months now as we can clearly see lower highs and lower lows . I do expect upside for btc though, I am game for it to drop hard here, got my money on standby for that. However, with all the institutional interest, adoption, taproot upgrade in November. There is too much good happening with btc medium - long term. I believe this is an accumulation phase hence the FUD, paper hands believe everything they read then the big guys take advantage and buy their btc at a cheaper price. I believe we are witnessing a bear trap print in front of us. But of course the one true power that can answer that is 𝐓𝐢𝐦𝐞.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.