Bitcoin Analysis 5/2/22 Pt 2 (Potential Fakeout Incoming)
BTCUSDT Perpetual Contract BYBIT:BTCUSDT
Bitcoin appears to be forming a Falling Wedge within this Potential Descending Channel . I believe the institutions may first dump the price outside of the falling wedge in order to get retail traders to close their long positions and trigger their short positions before the institutions pump the price back up. This is just one scenario I’m watching. What are your thoughts?
