BTC Price Alert!
We have seen this kind of trap before this, before this this trap is downrad side and now it's going for upward side, unfortunately it's a bull run rally and 24h voulme is ever high, they encourage people to buy btc and trap them and then prices goes down sharply, this market behaviour effect lot of small traders and also retail and wholesale traders both will trap in this kind of market, we know about today volume that is more then 40+ billion, and we don't know about tomorrow volume, maybe it is lower then 30 billion, as we have seen this 2 months ago when btc at 72k and then goes down sharply and touches to 49k, mostly traders lost their entire amount.
We have lack of knowledge and lack of information, i also said we have limited information. After prices goes up, after bull run we have seen that it's whales movement, fed cut rates, unemployment rates are decrease and more things we know after bullish trend or bearish trend.
1st thing is that when we know about unexpected bull run or bearish trend then we stop trading and wait for next move, at time we need lot of research, and take lot of time before trade, after gaining complete knowledge then we decide to enter in market according to market plan and chart information.
As we have seen btc complete 2 W pattren, 1st one is big W and 2nd one was small, and i have highlited area in which we have some trap, 1st trap was at 49k, and 2nd one was 68k that is today and still its going more up and up. But we don't know when whales leave market and prices may goes down sharply, before election btc prices must touches 40k-45k.
You have seen trap in pics...
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