Bitcoin Bear Traps In Place

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Shorting Bitcoin at the moment could be risky business considering a few potential bear traps appear to exist.

Some support should be offered at:

1. The pink line at around $9100
2. The blue uptrend line
3. The yellow downtrend line
4. The green uptrend line

The 8K barrier could be a tough one to break through.
Comment: -

Some support was offered, however, the bears were too hungry.

Idea Closed!
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