BTC - This Just does not look right to me - BullTrap
This current move up seems off to me and this setup must be a Bulltrap - Why ? because there is a test missing to retest the ST as SOW ( secondary test as a sign of weakness) . The market makers normally retest the ( ST as SOW) area or close to it before pushing price higher .
What im expecting to see is price moves lower towards "Phase C "with a minimum move lower to 18k or below the ST as SOW around 12k to 9k and form a spring upwards.
What im expecting to see is price moves lower towards "Phase C "with a minimum move lower to 18k or below the ST as SOW around 12k to 9k and form a spring upwards.
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Ofcourse I could be incorrect and BTC shoots off to 30K instead.... But from what I understand from they Wyckoff theory there has to be a move down to retest the "ST as a SOW" and this is what I'm expecting to see.