Bitcoin - Transactions Large Increase.. Bull Trap or Real Deal?
Bitcoin Transactions have increased in last couple days, which should indicate a spike in short term price. Drawing Trendlines on Bitcoin Chart, we obviously have a short term Rising Wedge pattern. It seems we dipped below/sideways, and now have the bottom trendline to contend with as the new resistance.
So is this last wave just a Bull Trap? Are we destined to go up just enough before correcting?? Or will this wave take us a good distance upwards, validating the Golden Cross of the MA50 over the MA100??
*This will be the FIRST Time I have gone against what the Transactions have told me.
We will see.
So is this last wave just a Bull Trap? Are we destined to go up just enough before correcting?? Or will this wave take us a good distance upwards, validating the Golden Cross of the MA50 over the MA100??
*This will be the FIRST Time I have gone against what the Transactions have told me.
We will see.
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Scary how accurate that was..
s3.tradingview.com/s...shots/r/r7x9LC93.png
s3.tradingview.com/s...shots/r/r7x9LC93.png
s3.tradingview.com/s...shots/r/r7x9LC93.png