Bitcoin Bull Trap Or Bull Run Lets Find Technically

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·@piyush2516·
0.000 HBD
Bitcoin Bull Trap Or Bull Run Lets Find Technically
#Bitcoin went down around @5800 Dollars in last Few Days. Lot of People said #Bitcoin going Down to @4900 Dollars. Some said Crypto Market is #Crashing. But Let’s Find Through Technical Analysis what will happen in Future.

According to Below chart  just  1 Long Green Candle looks a Bull Trap but we will do Deep Technical Analysis to Find out exact reasons and Future Targets.

![bull trap.PNG](https://cdn.steemitimages.com/DQmY7kqbPVX315pFXM3Anj9KQbuLqKCKqRYtAc2QEqYcaSx/bull%20trap.PNG)


**Technical Analysis:**

If you look Hourly & weekly RSI in Below Image Looks like #Bitcoin can go further Down so Now Green Market can be a Bull Trap. We have to find out Exact Targets & Correct Analysis.

![Hour RSI.PNG](https://cdn.steemitimages.com/DQmbha34adtswW4zUAasQCnq8z4tbJRVXz6oMauFqgB4LrD/Hour%20RSI.PNG)

![Weekly RSI.PNG](https://cdn.steemitimages.com/DQmc938cT7EWaH7eUcGkAxb7ipogp9RVGZwak9H65rt5aHT/Weekly%20RSI.PNG)

**TD Indicator Analysis:**

According to my TD Sequential Indicator if you look below Image its Already showing 7 Candles going down. It means now already #Seven weeks of Down Side. But According to TD Indicator Reversal will start after 1-9 Candles of downside. So according to my TD Analysis I can see 2 More Weeks of Downside. #Bitcoin also find Next Support @4900 Dollars.

![TD Weekly.PNG](https://cdn.steemitimages.com/DQmYptCdnDyDZLRJGwiPYzKPsXvVxbzTqh1du8KbQF9c118/TD%20Weekly.PNG)

**Bitcoin Targets:**

I believe if #BItcoin again goes down to @**5900** then it can go to @**5500** Dollars and Further Support is @**4900** Dollars. According to me for next 2 Weeks it will first reach to @**5500** and then to @**4900** Dollars before Bullish Reversal.  

**Precautions**

The Best way to avoid this Market situation is through **Patience**. Dont do trading and dont Sell any coins in Loss, Your all Coins again will Reach **ATH** again. Just enjoy your Personal Life, Watch Market after Few Days and Do **Meditation**. Everything will be Alright in Few Weeks.

You can also find My #Indicators Free on Trading View Website Under **crypto_piyush**!

Please Comment about Your Thoughts on **#Future** **#Bitcoin** Price?

If You Like Please #Upvote & #Share to help #Cryptocommunity! 

**Wish You Success!**

@piyush2516
@CryptoPiyush Online
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