It seems the Bull trap what I had alerted in the related forecast worked well. Although I forecasted a triangle and it became a running flat the resistance zone was strong enough to reversal the Bitcoin down. I expect to see a further decline to reach one of the Fibonacci support levels.
If the bulls wake up again, I expect only a failed break out! Nothing more. So ideally now the BTC is on a temporary support zone(bottom line of the rising channel, moving averages) and a rising correction should come to create a juncture for the bears.
Let see the corretion!
If the bulls wake up again, I expect only a failed break out! Nothing more. So ideally now the BTC is on a temporary support zone(bottom line of the rising channel, moving averages) and a rising correction should come to create a juncture for the bears.
Let see the corretion!
