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Bullish Trap - Bitcoin (BTC)
There are 2 scenarios:
- First scenario:
> we have a bull run to fibonacci level 0.382 (~$14000), which is also our resistance line
> after that we retest fibonacci level 0.786 (~$8000), which is also our support line
- Second scenario:
> bull run to fib level 0.5 (~$12000)
> retest fib level 0.786 (~$8000)
note:
> support area is between $7500 & $8000
> calm down and do not FOMO, should we get under $8000
Good luck!
- First scenario:
> we have a bull run to fibonacci level 0.382 (~$14000), which is also our resistance line
> after that we retest fibonacci level 0.786 (~$8000), which is also our support line
- Second scenario:
> bull run to fib level 0.5 (~$12000)
> retest fib level 0.786 (~$8000)
note:
> support area is between $7500 & $8000
> calm down and do not FOMO, should we get under $8000
Good luck!
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