Over the past hour we saw nearly a 500 rise in price (again) in a matter of minutes. Is this a trap? My concern is that we are seeing a bull trap play out on the log chart as we already saw on the linear chart twice. If that is the case this could go down hard and fast.
Please comment below and tell me your thoughts.
Please watch the previous videos on Bitcoin crash, for the big picture:
#1. Bitcoin Set to Crash to $6k? Has the BTC Bubble Finally Burst? (Confirmed)
#2. BEWARE! Bitcoin Correction is NOT Over Yet!
#3. Bitcoin Crash Update! – Buyers Are Still Weak, WAIT! – Q/A
#4. Bitcoin Still in Bearish Trend? What is next?
#5. What Bitcoin Needs to Turn Bullish & End Correction!
#6. Technical Analysis is BS & Bitcoin Proved That – Bulls in Sway!
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Please NOTE: I am not giving financial advice, I am not recommending, encouraging or discouraging you from investing at this time or any other time. I am only presenting my view of the market based on my experiences which you need to evaluate and make a decision upon that is wise for you.
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