Crypto trade of the week - Bitcoin | Bulletproof Traders | Is Bitcoin setting a bullish trap?
Many of you might wonder, Is Bitcoin setting a bullish trap?
Bulletproof Traders in-house trading activities present our current overview of Bitcoin.
After a successful bullish campaign, targeting the level of $42,000, we have closed out our buy position in order to sit on the sideline for a while and watch closely for further clarification.
The recent cross over above the big resistance level of $44,580 suggests that the Bitcoin is having a big breakout. However, we believe this might end up as a big false breakout, or what we like to call a fakeout.
We suspect that the price of Bitcoin is just setting up some bullish traps before landing back below that big resistance and potentially turning around a bit later for a downside move that could drive the price of Bitcoin back to the levels of $33,000.
* Bulletproof Traders is a members-only Forex trading club. Run by an elite team of traders and market analysts, using a science-based approach to master the art of trading.
My name is Roy Levine, and I'm the co-founder and head of trading at Bulletproof Traders. We are helping traders from all over the world to become full-time traders and reach their financial goals. If you want to learn how to turn your trading into a profitable business, then you landed in the right place.
You can learn trading secrets, trading strategies that work, improve your trading performance, and become a successful Forex Trader. We understand what’s needed to be done in order to break through the hardship of this financial journey while saving you a great deal of time and money.
Eventually, our goal is to show you how to dominate chart analysis to the point of producing outstandingly accurate forecasts and price predictions. Most importantly, we will show you how to become a successful Forex trader with a proven track record and systematic approach.
Join us and learn how to make money in Forex trading, learning the best trading techniques and trading secrets.
Bulletproof Traders in-house trading activities present our current overview of Bitcoin.
After a successful bullish campaign, targeting the level of $42,000, we have closed out our buy position in order to sit on the sideline for a while and watch closely for further clarification.
The recent cross over above the big resistance level of $44,580 suggests that the Bitcoin is having a big breakout. However, we believe this might end up as a big false breakout, or what we like to call a fakeout.
We suspect that the price of Bitcoin is just setting up some bullish traps before landing back below that big resistance and potentially turning around a bit later for a downside move that could drive the price of Bitcoin back to the levels of $33,000.
* Bulletproof Traders is a members-only Forex trading club. Run by an elite team of traders and market analysts, using a science-based approach to master the art of trading.
My name is Roy Levine, and I'm the co-founder and head of trading at Bulletproof Traders. We are helping traders from all over the world to become full-time traders and reach their financial goals. If you want to learn how to turn your trading into a profitable business, then you landed in the right place.
You can learn trading secrets, trading strategies that work, improve your trading performance, and become a successful Forex Trader. We understand what’s needed to be done in order to break through the hardship of this financial journey while saving you a great deal of time and money.
Eventually, our goal is to show you how to dominate chart analysis to the point of producing outstandingly accurate forecasts and price predictions. Most importantly, we will show you how to become a successful Forex trader with a proven track record and systematic approach.
Join us and learn how to make money in Forex trading, learning the best trading techniques and trading secrets.
