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All moments › BITCOIN WARNING: This RARE Weekly Signal Is Flashing Again…

Bull trap scenario with shorts squeezed, fake out bounce leading to short entry toward mid 60s.

From BITCOIN WARNING: This RARE Weekly Signal Is Flashing Again… · jumps to 7:53 · speech

▶ Open at 7:53 on YouTube
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We get a fake out and that now gives us the opportunity to get into a trade like this, where once again, we can target back down to the $75,000 level for our first target. And then again, hold it potentially to the high to mid 60s. Why am I talking about the high to mid 60s? Well, the reason is because this, when we zoom out, let me take a look at all of this price action here, right? We're going to just be on our weekly timeframe. You can see that in general, we have some really bullish signals at this low. And also we have a low, we have a lower low with a really nice bullish divergence. And that would change market structure. We made a higher high on the weekly timeframe, which means we've officially now switched into an uptrend on the monthly and the weekly.
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