BITCOIN: I would not…

…get long yet…

The Volume has not change since a few days, we are still moving around 16 Billion in the 24h Volume which is more or less the same we had yesterday and the week before so, it is very likely we have a Bull trap here…

Additionally, we have a Triple Top at 10100 USD which is bearish so…unless BTC crosses that resistance I would not bet for an spectacular bull run now…

In my opinion, if not temporary sideways, BTC would move in the direction of the lower support, searching the (e) point on which it should rebound strongly (around 8500 USD) because if not, the threat of having a very BEARISH Scenario would get a higher likelihood of occurrence.

As I said, it is better not to enter now and see what happens in the coming days… this is a moment of high uncertainty and risk…

@toofasteddie

Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

About the author: TIMM Trader

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