BITSTAMP:BTCUSD is trying to gain some momentum lets see how it goes around but apparently its looking like another bull trap.
If we fail to close above red dotted line within next 48 Hours i am bearish on BTC and this time we might see it around 7800 as primary support which might not even hold. I am highly expecting bearish case for Bitcoin.
Trade active
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Trade closed: stop reached
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As expected BTC has dropped below green support line and failed to touch the red dotted line to confirm bullish reversal in short term. We are now going down