Well BTC has had a vicious move up and probably caught most off guard we can see a clear break of support and a spring back up confirmed by volume (Bullish) however this is not yet the time to rush in and buy!, price has and is still being maintained inside our pitchfork channel from our top down giving us some clarity the overall trend is still Bearish until the channel is broken to the upside which would be a signal of a potential trend reversal taking place, Be patient gl.
Comment:
This move up was most likely a trap and will be short lived as noobs place their longs in the 9-10k range believing this is the start of something great! however most likely they will be very disappointed in the weeks/months to come.
Comment:
playing out as expected so far