BITCOIN USD retracement levels HUGE TRAPS

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
We can see the fibonacci retracement levels are showing realistic numbers for a bigger dump to 20K after a nice pullback to the upside right around in the coming weeks.

There is a TRAP zone between the 0,618 (51000$) and 0,5 (46800$)

IIF bitcoin is able to go above the red channel (bull market barrier) then it was just a correction and we go bull again most likely.

be careful with the no stoploss no target longs nowadays, its a bearish phase and you have to know your edge.