#Bitcoin is setting a Massive Bear Trap ??
In 2021, before the price dropped from $58,000 --> $15,500, it formed an interesting Pattern -
1) Breakdown below the Weekly EMA Ribbon
2) Retest of the EMA Ribbons
3) Fakeout above the EMA Ribbons
4) Massive Downtrend
Currently, what we are witnessing is something similar, but on the Bullish side :
1) Breakout above the EMA Ribbon (March 2023)
2) Retest of the EMA Ribbon (June 2023 )
3) Fakeout below the EMA Ribbon (September 2023)
4) Massive Uptrend ?? (Uptober 2023)