Bitcoin – bull trap and then dump

12.07.2022 7:51 pm

Hello, everyone!

Yesterday I got a tight stop loss on my local trade. It was the attempt to catch the deep pullback until the price did not brake the 4h uptrend, but today it did, that’s why I am waiting for the new information from the market right now. I still have the tradevesting 20% of depo in Bitcoin for the possible pump.

Let’s take a look at the 4h timeframe of BTCUSDT on the WhiteBit exchange. Which scenario can we anticipate? The price touched the demand line and now looks like it is bouncing. Of course it have to show us some reaction, here is the great liquidity, thus I can expect the bull trap creation before the new dump below the support. The possible target could be the S1 monthly level which is approximately $15k. There will be the nice entry point and now my main scenario is the deep dive to scare everybody.

Good luck!

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