Yudhi_N
8 Posts
Yudhi_N
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Frequent Trader
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On the one hand, we want BTC to continue to rise through previous resistance, but on the other hand, a healthy increase is like a ladder, each increase has a healthy correction.
Currently BTC is at the Fibonacci point 0.618 (Golden Ratio) Daily time frame, at this point it is often a trap for futures traders that's what often called a 'BULLTRAP', because this could be part of the correction of the bearish trend where the daily trend is seen changing from bullish to bearish as seen from the consistent lower high and lower low, or will continuing to rise until reaching the previous resistance then breakout. be wise in trading avoid greed.
BTC will make lower high on daily, 104k/105k its possible, then if can break the resistance on daily, it will make BTC going up to 125k
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