Beware of the bull trap.

I don't believe the correction is over just yet. Take a look at the short vs longs ratio, shorts are at the lowest they've been in a long time where as a lot of them longs think they've got a free ride to the moon, unfortunately there is no free rides in crypo margin world. My guess is that we'll climb to ~$7000 and use the log trend line as resistance then we will pull back to the previous ATH and test the $5000 level. BTCUSD

Comment:

Already wicked off the log trend line, let's see.