JTess

BTC healthy pullback or start to a down trend

BITFINEX:BTCUSD   Bitcoin
So yesterday I posted a publication about "is this a bull trap?'". with this fib fan on the 3 HR time frame it looks like the pull back we had earlier bounced perfectly where it needed to...I think we shall push forward towards the 7500 mark and would not be surprised if we continue towards the high of the previous run of 8450. There has been a down trend resistance around the 7125 area that was slightly broken yesterday. Keep you stop losses tight because this still could be a bull trap especially as we are closer to the liquidity box from the big gap up

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