TonyTheBullSeverino

Bitcoin Possible Head Fake Trade Setup Update

Happy Monday, all

This trade setup has been a real pain in the ass, just due to how long this consolidation has taken

However, the lack of a close below the lower BB, and a reversal at that level hints at this head fake being back on

If you see price get above the basis and hold, then the probably of the upside move increases dramatically

the final signal is the close above the upper BB on high volume or with indicator confirmation

I will continue to walk us all through this. If this trade setup works out, this could be one of the best trade setups I've given here on Slice

Just remember, the move is going to be very volatile either direction, possibly both directions. I also don't think the bottom is in, but we must prepare for that scenario to exist

The next steps here are wait. If you are hedged short from the call we made, move your stop in profit or breakeven

The long appears to have resumed as the more profitable trade. I wouldn't close the edg