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Bitshares Bull Trap? Or Game On? - Post on Lumbridgecity

Bitshares Bull Trap? Or Game On?

Wednesday September 23 2015 – Bitshares Bull Trap? or GAME ON!!!?

Bull Trap? or GAME ON?

At this moment in the charts – how do you really tell if this is a fake-out-break-out, or is is the real thing? Is this some market manipulation to trap the bears into margin long positions so they can be squeezed by more short selling?

Is it more important to look at the big head-and-shoulders top formation that has been created over the past week as we see in the chart above?

Or should I concentrate on the chart below where we see a little bottom-formation breakout that it is bouncing higher off former support levels?

Bitshares trading has been hot – and we can expect more swings in prices as the countdown to launch and release of Bitshares 2.0 over the next three weeks.

Republished with permission from http://www.lumbridgecity.com/bitshares-bull-trap-or-game-on/