Beware Bitcoin's Bull trap...

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Observing how previous bubbles have popped, I don't think we're just quite done with the overall bearish trend of BTC yet.

Taking into considering the movement and Fibo lines, I believe BTC has to reach the 5000 dollar mark before fully recovering.

Going long right now and not having the patience to wait out the trap could mean losses.
Comment: Crossing the 141.40% Fibo towards the 6000 dollar region.

Comment: The fall continues - next support @ 6260
Comment: Hang tight, bois. We're almost at the bottom. Once we reach 5500, buy up all the BTC that you can. We've been waiting for this.


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