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.
Note
Update 1: Tracking a Diamond Top Reversal here; yet another reason to be bearish. Order cancelled
New long idea posted
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.