BTCUSD possibly gearing to dump
the current volume that we are experiencing with bitcoin is concerning to say the least and we may be heading into a bull trap in an effort to trap a large amount of longs
before correcting itself back down to a better base support, with the current walls that we have in place its unlikely to rise above 7150 and we look clear to fall back below 7k in a possible move to a larger correction
the current slow moving stochastics arent looking good with the longer term looking to bottom out while short term theyre climbing with the btc movement.
Will we see a possible bogdanoff damp? possibly
before correcting itself back down to a better base support, with the current walls that we have in place its unlikely to rise above 7150 and we look clear to fall back below 7k in a possible move to a larger correction
the current slow moving stochastics arent looking good with the longer term looking to bottom out while short term theyre climbing with the btc movement.
Will we see a possible bogdanoff damp? possibly
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