urus888

BITCOIN breakout BULL TRAP?

Short
BITSTAMP:BTCUSD   Bitcoin
Resistance exactly at white line. This could be a bulltrap... Moving averages are moving together indicating that the buy cycle is probably over and it could dip soon below blue curve again...

However if it manages to break white resistance we could see price go to 42-43k... but probably it will bounce off there and go lower again.
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