BTCUSD Outlook has changed to bearish with a target of 8k after the bull trap has played out. For the next few days the trading environment for Bitcoin will be tough. On the bright side on the weekly chart Bitcoin is still technically bullish.
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Update 1: Tracking a Diamond Top Reversal here; yet another reason to be bearish.
I think we have two TA patterns forming the Head and Shoulders (bearish) and also a Symmetrical Triangle which is also bearish. Looks to be at point E based on the Elliot Wave. I've cashed out, waiting for the confirmations...