Bitcoin -10% Bear Trap Explained *URGENT* – BTC Technical Analysis Today

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Bitcoin bear trap is waiting under specific price levels that I’m talking about in this video. There are mixed feelings in crypto markets and it’s totally understandable after so much volatility. In this video I’m going to show you the next scenario that is likely to happen to Bitcoin price today or in the near future.

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If and when this movement happens, I’m predicting it would be another bear trap. Look at this price range, 3%, look at the timestap. It happened in under 10 seconds time frame. Why is that? It’s because this 5% movement down from here liquidating many, many, many players. What does this mean?

Let’s talk about that. Let’s talk about liquidations first. Why this was a huge liquidation and Why am I predicting this would be a bear trap? I’m going to show you exact trade set up from previous price action, but let’s talk about this one. If you bought Bitcoin

Here with 20% leverage, which is the most common amount of leverage to use. For example, you had $100 in your trading account and you opened 20 times leverage rich positions, meaning that 5% down, 100% minus, meaning that your position got liquidated and you just lost $100. This is the reason.

This is the liquidation. That means that’s basically what liquidation is. People’s positions got forcefully closed, and that’s exactly what happened here. Give this video a like if this type of information is new to you, why did this liquidation happen? We are currently watching

0.6% range bars that are approximately same as one hour time frame currently. Why did this happen? It’s the reason what happened around here. When you’re experiencing this type of massive sudden drop in Bitcoin’s price, and then Bitcoin start to go to the opposite direction for a while,

People start to think that, Oh my God, this was the bear trap and I have to dollar cost average my position to lower, obviously, the, well, average price point that I entered my trade. And that’s exactly what is happening here. People are feeling formal. Another thing is that many traders actually

Are selling around here because when you see that your portfolio tanks, for example, 10% And obviously, you get emotional, Oh, my God, oh, my God, I can’t stand any more losses. I have to sell. And when you see that quickly after that price starts to increase a lot,

Then you start to follow in, and you might even start to over-leverage your positions leading this type of massive liquidations. That’s something which is extremely typical movement. Let’s see a little bit more precise time frame. Now we are looking at 0.15% time frame. We are looking inside of this movement that is happening.

This is important information to understand next extremely possible scenario. When you are zooming into charts, when you’re looking at smaller time frames or ranges, it doesn’t mean that the price action inside of smaller time frame is just noise. No, it isn’t noise. It’s more precise time frame, or more precise price action.

Obviously, it’s harder to read that price action because you have so much more data to interpret. But let’s see what we have here to understand what is these type of movements. And then I’m going to tell you why this price level is important and why do

I predict it is going to be broken. Inside of this swing here, we got first… Actually, here is the first fake-out, then here’s the second fake-out. Market structure break lower, a little bit liquidation. Here, we don’t have any liquidation, meaning that this is a weak low. Therefore, it’s likely to be run because

Under this low, we have a lot of liquidity. Well, another fake up here. Internal high gets broken. Market structure break is here, this one, this movement, market structure break here, under liquidating this liquidity level first, and then higher it goes. Right now, this bottom right here is yet another

Weak bottom because we didn’t get any liquidations in this retracement movement. Liquidation in this would mean that market structure break higher and then lower liquidating people. That would create, make this solid, strong bottom. Okay, next up. If you want to start trading Bitcoin, click my link down in the description.

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Why am I predicting this to be a bear trap? Well, look at this drop here. Extremely quick reaction to the downside, a leg up, liquidations right after around the 5% movement to the downside, liquidating everyone who is over-leveraging with 20 times leverage and one leg down again, and after that,

Off it goes to the high, higher and higher. This is the scenario that I’m predicting right now, similar scenario. Look at this. Quick reaction to the downside, one leg up, 5% movement to the downside, liquidating people that were over-leveraging, and then little reaction up. And next, I’m thinking that it’s

Probable that it will break this level. That’s my scenario. We have to remember also these double bottoms that we were talking about in the previous video. Under this, we also have a lot of liquidity. If and when this scenario occurs, the movement under this level is likely

To be extremely quick, so you have to be prepared for that. Car, obviously, you can trade inside of this range if you want, but it’s always more riskier to trade these type of internal structures. The problem currently with this internal structure is that internal structure is up, yes, but when you remember this

Type of scenario, same thing was here. Internal structure was due to upside. Well, small reaction due to upside and then liquidation. So again, so Personally, I’m not that keen to looking for any buying or selling opportunities inside of this range. Everything will change if Bitcoin breaks this high yet again.

Then this bear trap scenario wouldn’t occur, and then we’d need to look for another type of trade set-up. In that scenario, this would be the weak law. In that case, this is the weak law because here we didn’t get any fakeouts to the upside, and fakeout or liquidation in this case

Would have been This type of movement, right? This movement was just down, down, down, down, down, down in the lower time frame or in a more precise range, in my case, 0.15% range bars. That’s the current scenario. Be very careful and cautious if you’re trading inside this internal range.

We have to be very cautious right now. Watch this video next to learn more about Bitcoin trading, technical analysis, and see you in the next video. Bye, bye.