DaxonandDixon

BTCUSD: AFTER A BIG BULLTRAP MOVEMENT NOW IS GOING DOWN !!!

Short
BITSTAMP:BTCUSD   Bitcoin
Hi
After having made a false break crossing the upper axis of the descending channel (Bulltrap), we clearly see in the chart a continuity with a downward trend towards 50% fibo. Will the downward trend be definitive or will carry out a bearish trap to gain bullish momentum?

Cheers!.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.