BTC is going down. Bull trap going to come into play soon. There seems to be no volume supporting this push. In addition we need a correction. We have not seen one since 6k. In addition the macd is about to cross under the MA since the move started at 6k. Unless there is a huge pump in BTC this is going down. We have had a decline in volume since Wednesday. This is the perfect play to trap the inexperienced traders once we break that green trend line. Finally the accumulation and distribution indicator is also stalling out, having it go pretty much straight for the last two days.
Comment:
It seems that the bull trap did not happen, we just went down. here is a more in-depth look at how I think the price action will work for the rest of the correction.4 hour period not over yet need more volume for real confirmation.
