OfficialGoon

Is the bear run over? I don't think so...

BITFINEX:BTCUSD   Bitcoin
BTC was previously followed by by 2 bearish patterns along with 1 MAJOR BEARISH channel. The main watch...Recently the prior bearish pattern did turn Bullish and as you can see we now have a Bullish Channel with Higher low's and higher high's. The problem we still face is the major BEARISH channel if you zoom out. Not only that but everytime BTC tries to make a small BO. We have larger selling volume's A LOT LARGER actually. Below youll be able to see the current bullish channel that shows bulls are taking the lead but I dont think it will continue this very well could be a Bull Trap.

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.