After several days of trading sideways, bitcoin has finally made a move towards the lower. It has not yet broken the uptrend line, but that seems very likely. If we look at the general behaviour of BTC, horizontal trading over several days, followed by a large red candle, it will nearly invariably fall several days in a row. This will probably have us cross the uptrend and at the very least the 0.382 fib.
If this happens, we will most likely see a severe sell off down to $1850, the very lowpoint of the beartrap leading up to this pump.
This is probably it folks, great buys are coming. :)
FUD - The user
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