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BTC/USD - STRONG BULLTRAP FRACTAL SIGNAL | WEAK VOLUME / FAKEOUT

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Bitcoin Is Showing Many Similarities Compared To Behaviour In Late 2018:
  • Price consolidation for over 70 Days
  • RSI consolidation for over 70 Days
  • Weak/Low volume pump up for a few days
  • Followed by a deep crash by over 50%


Bitcoin Here In Mid-2020 Is Showing Very Similar Behaviour:
  • Price consolidation for over 70 Days
  • RSI consolidation for over 70 Days
  • Weak/Low volume pump up for a few days


If this fractal were too playout, a deep crash is expected very soon, confirming the play-out of a bull-trap.
Price has yet to make a higher-high, ~$10,500, and this may be another weak, unsuccessful attempt at doing so.

[I]Late 2018:[/I]
snapshot

Mid 2020:[/I]
snapshot

VERDICT: Based on the vast array of similarities of the current price behaviour compared to late 2018's behaviour, I believe the recent price pump is a bull-trap and I expect a deep crash very soon.

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