BTCUSD Enthusiasm pattern; Its a trap!

Dont do it!

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Just because called the bottom at 1850, doesn't mean that they're right! Remember: It doesn't help their bottom line if they give away all information, its all about making the spread as wide as possible, not small as possible.

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Inverted hammer on the hourly. Its a Shooting star!

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FIB levels to take into consideration: 3000 * .612 = 1850 (low) and 3000*. 786 = 2400 (high)

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3000 * .5 = 1500
3000 * .386 = 1146

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The most legendary bull trap of them all. I'm impressed with how much greed there is.

Trade active

market has started to move, it was an impressive run up to 2400

Order cancelled

BTC is trading sideways, it looks like the bear market is over

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Still waiting on a good time to enter. I'm Watching Closely

Trade active

Here we go!

Trade closed: stop reached

Forgot to update last night, trade barely closed in the green. its still going sideways and the technicals are suggesting that this might actually go up.

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This Growth is not organic, ETH LTC and XMR are depreciating relative to this growth. Large volume spikes in each of are found keeping price from going up. Get out of BTC now, and get into LTC ETH XMR now to participate in massive spike

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Please refer to this link for my near term analysis on BTC and this still being a bull trap:

CAUTION: Crypto Market Analysis, BTC is outpacing the market

JonathanKrier

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JonathanKrier

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