We may See Another Trap on Bitcoin Price Chart

Marker maker made a bearish trap on Bitcoin price chart a few days ago. Even Bitcoin price broke down the support line of head and shoulders pattern, Bitcoin price reveresed up wşth huge daily candle and It was great bearish trap on Bitcoin price chart.

Even Market maker made a bearish trap a few days ago, we may see bullish trap on Bitcoin price chart while going as to all time high.

Here you can see daily chart of Bitcoin. We have seen 3 daily green candles after bearish trap. We may see a few red candles after this green series.

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Here you can see the indicator on daily chart of Bitcoin price. This is why I say that we may see bullish trap on Bitcoin price chart. Because we have seen same scenaro. There are lots of similarities between end of 2024 and now. All of major indicator are moving as same as past.

There are bowl pattern on RSI Indicator. After touching bottom, RSI Indicator made lower high. We may be at the top of lower high on RSI Indicator as end of 2024. I circled the similarities.

MACD Indicator is trying to reverse up as end of 2024. We may see fake reversing up on MACD Indicatos as end of 2024.

These are major similarities between end of 2024 and now. I am sure that we are in bowl pattern on RSI Indicator. So, we should see lower high on this indicator.

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So, I am getting ready about trap on Bitcoin price chart. We may see Bitcoin price trying touch the bottom ob RSI Indicators bowl pattern.

We will see..

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2 comments

Personally, I’m closely watching the next major liquidity zone. If a clear reversal candle shows up along with decreasing momentum it could very well be the start of a trap, just as expected.

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