Bitcoin Bear Trap Confirmed According To Popular Analyst: Is The Big Rise Beginning?

Popular technical analyst Gert Van Lagen pointed out the formation in Bitcoin (BTC), implying that confirmations were received for bullishness.

Gert Van Lagen posted on his official social media account on May 26. in the shipmentBitcoin weekly formed in the graph reverse shoulder head shoulder (TOBO) He drew attention to the formation and said that the bear trap was confirmed.

The analyst-formed TOBO has recently breakdown showing a bullish sign you also give 200 weeks price average (SMA200) a bearish breakout despite testing that it didn’t happen underlined.

Lagen 200-week average testing a bear trap evaluated as. Bear traps warn investors that the price will drop. to mistake It is considered as a price formation that hurts.

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On the other hand, the analyst of TOBO One Elliot Wave of the installation its fourth wave stated to have created. Completing the installation in case of in the 5th wave One price boom Stating that this will happen, the analyst said that the price target 170 with 200 thousand He said it was between $.

According to Coinecko data, the latest 30 days in 7.7% depreciation Bitcoin in the last 24 hours with an increase of 0.9% as of my writing 26,701 traded at the dollar level.


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