Av The Daily Hodl - for 2 år siden - Lesetid: 2 minutter
Topp kryptoanalytiker sier Bitcoin Could Be Setting Massive Bear Trap – Here Are His Scenarios for BTC
A closely followed crypto strategist and trader is saying that Bitcoin’s (BTC) recent price correction could just be a massive bear trap.
In a new strategy session, pseudonymous analyst Cred tells TechnicalRoundup’s 32,600 YouTube subscribers that it is within the realm of possibilities that Bitcoin is currently shaking out traders below $60,000 before igniting on an epic rally.
“The only level that matters is the weekly range high here (around $59,000). We closed above it. That’s bullish. [The] market is trading lower now, probably towards [the] previous week’s low ($54,000), but because the close was positive, you’re expecting a trap at [the] previous week’s low and then move back above the level, and your first trouble area is the cluster (around $60,000) and then all-time high plus.
I think that’s not the worst argument in the world.”
The crypto strategist believes that Bitcoin has more or less a week to close above the range high around $60,000 and confirm the bear trap.
“In the most bullish case, it’s not the weekly [candle] that has to get rescued… The monthly and weekly get rescued. This current sh*t price action is just a wick portion. We end up closing above [$60,000], and we all panic for nothing, and it’s a full send.”
However, Cred says BTC could ignite a sell-off event if it fails to reclaim the critical level by the end of the month.
“But anything that doesn’t look like that will result in a monthly and weekly failed breakout, whereby you had the previous range high ($60,000), market poked above it, [and] closed below it. On any timeframe, on any chart, whenever you get that type of stuff – a real effort to break from balance and falling back within – your targets are the mid-range and the range low.”
I følge Cred, Bitcoin’s inability to end November above $60,000 could result in a market reversal that likely drives BTC to around $50,000.
Trykk her Pris handlingIkke gå glipp av noe - Bli medlem! for å få krypto-e-postvarsler levert direkte til innboksen din
Følg oss på Twitter, Facebook og Telegram
Surf Den daglige Hodl-miksen
Sjekk overskriftene for siste nytt
Ansvarsfraskrivelse: Meninger uttrykt på The Daily Hodl er ikke investeringsråd. Investorer bør gjøre sin aktsomhet før de foretar høyrisikoinvesteringer i Bitcoin, kryptovaluta eller digitale eiendeler. Vær oppmerksom på at dine overføringer og handler skjer på egen risiko, og eventuelle tap du måtte pådra deg er ditt ansvar. Daily Hodl anbefaler ikke kjøp eller salg av kryptovalutaer eller digitale eiendeler, og The Daily Hodl er heller ikke en investeringsrådgiver. Vær oppmerksom på at The Daily Hodl deltar i tilknyttet markedsføring.
Utvalgt bilde: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia
Innlegget Topp kryptoanalytiker sier Bitcoin Could Be Setting Massive Bear Trap – Here Are His Scenarios for BTC dukket først på The Daily Hodl.
Opprinnelig kilde: The Daily Hodl