Is this a Bull Trap? | Yes / No, Pls leave a Comment

in #mgsc • 6 years ago

Is This a Bull Trap?

bitcoin-price-1-696x464.jpg
Probably Yes, Probably NO, because we have seen bitcoin rise +1400$ in about 48 hours, and a drop of 250$ in about an hour or so. bitcoin price suddenly shoot from $6200 to $7600.

My Opinion, it will take more than just a single 1000$+ candle to announce the return of bulls. we need to see the volume back to 375--425 Bln USD levels to accept the return of bulls. The current Global Crypto Market Cap is still under 300 Bln USD. + bitcoin needs to cross the 8100$ resistant level.

pls comment below with your experience
@Cryptoexpert07

#bitcoin
6 years ago in #mgsc by
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     6 years ago  

    Can't tell but to see the volume up I will look for a dump within this pump (I think it's a trap) lol great post cryptoexpert07 keep them coming thanks

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