Whales are buying so much bitcoin! It's a bull trap!
I've read the bear team wrote these exact words here at binance square. 😅
Although I am 100% bullish, I'd like to try and be reasonable. 🫣 I'll try not to give a bias judgement😂. Here goes👇
"Whales buying is a bull trap."
Let's annalize the above statement🤔...
Bull trap in simple words is a fake upside rally, intended to trick the bulls. The ultimate goal is to liquidate the bull's position.
Now, let's go straight to the point. The KDJ stochastic oscillator suggested that whales are buying huge quantities of BTC at 70k-71k. If that's the case, why would they sell at 67k? (since BTC is at 67k now) Why would a whale sell at a loss? It doesn't make any sense. 😂 If they're buying at 70k-71k, then they most likely will sell to keep at least a 20% profit, which is 84k. By the way, 84k is the daily inverted H&S target. This target is like wise confirmed by the daily KDJ oscillator.
Sorry BEAR team. I'm not biased. Just trying to be reasonable. 😅 You can comment your thoughts below if you like😅.
FOLLOW for more
By the way, if you're still looking for a safe low cap token that can possibly go x1000 this bull season, check out PITBULL.
