BTC:USDT , Bull Trap has Started , Find out how !

BINANCE:BTCUSDT   Bitcoin / TetherUS
Looks like BTC has broken out of falling wedge and Wave A bottom was at 8960.

So B ( aka Bull Trap) wave has started which may reach around 9600. There is chance of reaching it more as BTC seems super Bullish .

You can also see a big Head & shoulder is building and right shoulder has started with the start of B wave.

Target of this Head & shoulder (vertical yellow line ) can help us to find depth of wave C which could reach to 8100 and a strong support but that is in future.

Follow and share for more ideas. Press thumb button at right bottom below the chart if like my work.
Trade closed manually: Looks we corrected only 9380, 70 points short of our first target at 9450. Bulls tried hard but got rejected again and again by upper line of yellow triangle. We fell sharply from there and next down target looks like 8650-8700 . Chart below:

right shoulder is pretty high...
Arpi2018 PatienceIsParamount
@PatienceIsParamount, Thanks for comment, that is maximum target for right shoulder.
Horrible charting lol
Most bullshit chart ever. Though right shoulder is correct
Arpi2018 thisisnotatest
@thisisnotatest, lol, I was expecting some logic .
Great catch, indeed a possibility!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out