Going long would be a crime

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
After a breakdown to 3200 we rallied but failed at the crucial 3650-3700 resistance indicating a bearish close of the weekly candle. Bollinger bands are tightening which should indicate another leg of fall to 3200. Furthermore a few days back ADX led to a false breakout and looks like this will be another bull trap. No indication of going long here, perhaps test 3200 again. Remember more we retreat back to supports higher chance it will break, just like 6k eventually broke down. Looks like we will have to prepare for below 3k levels before new years, Santa claus rally looking grim and the cold winter doesnt look like receding as of now
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