leongaban

BTC Bull trap, rejected at the 200 day on the 4hr

Short
BITFINEX:BTCUSD   Bitcoin
Be wary, this almost 1k jump on the hour is just going to prolong Bitcoin's downtrend. Which is good actually... instead of us hitting sub 5k next week, looking more like sometime in May now. Which could signal stronger bounce back into the upside around 5k. Instead of a weaker bounce and possible continuation down to a 4k / 3k test.

Not ready to get back into Bitcoin yet, but get your fiat ready folks for some May flowers!

This is all my opinion, I'm not a financial advisor.

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