Bitcoin Price Drop Below $10,000 Was a Bull Trap | Crypto Craft

  • Bitcoin Price Drop Below $10,000 Was a Bull Trap

    From newsbtc.com

    Last week, Bitcoin price fell below $10,000 yet again, and with the break of support, much of the market turned bearish and began calling for lows around $8,000 to be tested. However, before the long Labor Day weekend concluded, Bitcoin price was back well above $10,000, and is already closing in on $11,000 not even 24 hours later. The fast movement back up without any resistance has left traders scratching their heads, but one crypto analyst explains that the move was nothing but a bull trap, and bears are now trapped in shorts below support that never quite turned resistance. Bitcoin Price Action: Bears Trapped in ... (full story)

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auricforecas
Sep 4, 2019 4:22pm
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Heh, yeah, wouldn't that be beartrap than? I mean this bulls/bears are starting to get on my nerves somewhat because some people just don't know the meaning anymore, it just seemed so fancy to use some "jargon" like one has been in the business for 20+ years.. aka "insider"... Crap man... Would it be that hard for them to say... how it is, without bringing animals into the picture

They got it right in the article though: "Bitcoin Price Action: Bears Trapped in Latest Move Below Support at $10,000"... But the title was written by someone else? Maybe that's the result of many people working on the same article... like delegating "Johny gets the TITLE" and "Susan gets the content".. And then we get the mix between BULL-dog and SHIH Tzu

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