That's why it's a huge bull trap for me. Do not get too greedy, no matter what some indicators or people claim.
For us it is time to wait. I expect in 1-2 days (do not take the time too serious) again a strong upmove in the 9000 area until we see another dip.
If you want, you can still distance yourself from the market, but I am currently holding a share of my capital in a few coins. Depending on the situation I will decide if I go out or not.
This is one of those moments where many think we would have a strong bull run, but it was just a trap. After that it will come to many panic sales, which will be our moment to join.
For example, as soon as Ripple breaks through the purple line that I drew in my XRPUSD idea, it's time for me to shop.
Bullish signs:
Note
Guys I have it only in the feeling, but I think tomorrow it is time.
Note
If anyone don't know my other ideas, then you won't understand the situation. Just look at this:
Note
If I see a breakout or something I will inform you guys, because this will mean that we will go veeery high.
But if there isn't a breakout this will be a bulltrap.
I keep you up to date. Right now it is very difficult to predict the situation.
Patience is key.
Note
Currently I am bullish until I reach my target with ripple.
Trade closed manually
Looking only for these scenarios now:
Trade closed: target reached
Crash has started now. It was a huge bull trap. New idea will come soon.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.