MoodandMarkets

Bitcoin will be punished

Short
COINBASE:BTCUSD   Bitcoin
The reversal from mentioned bull trap resistance zone(in the related idea) looks a little bit weak. Not that clear what I like a lot but after that, the sideways correction seems clear, so downside pressure should come soon. Minimal target around 8000 with the same level of the wave A but if there will be strong momentum, then the target may be further away up to 7500 - 7000.

On the other hand if the price go higher, then the bull trap zone should work again.
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