ponkirill

Is it a bull trap? BTC/USD 4H

Short
BITSTAMP:BTCUSD   Bitcoin
It is possible for BTC to break the downward channel but be careful, the B-case could repeat the A-case.
I think MA 200 (4H) and the upper border of the downward channel will be points of strong resistance for the chart.
The level of 9060 could be just the first step of the downward movement.

This post is only for educational proposes and does not provide financial advice.
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