Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Can I call this a bear trap to shake weak hands ?
It's a manipulated push down to burn some longs. Not sure if a bear trap, but not healthy at all. Wouldn't mind if we would go down 7% in a weak, but in less than 24h...
Longs are still at >30kk$, so it looks like the classic retrace to reset indicators after the hype mini bubble. If there is no really bad news i would expect bottom around 255$. But if there are some bad news then it looks really ugly cos it might be an impulse to retest 210$ atleast.