If was a bear trap......it would be a pretty damn convincing one....but not the 'mother of all' bear traps cos all bears are already out, either waiting on much lower prices or on confirmation of trend reversing.

I suppose it might be the 'mother of all' bull traps, but again not really. Away from the heavily slanted bias of this forum, nobody with any kind of head for investment is looking at Bitcoin now and thinking, 'definite buy, it simply MUST go up'. Anyone entering market at this point in time must surely know they are taking a risk that this is indeed a stability period after the very bottom.

I am at this point in time, a bear. If BTC goes down, do I lose? Nope! I buy in, I win! If BTC goes up do I lose? Nope! I wait until it takes out some resistance levels, I therefore may miss-out on some upside, but that aint the same as losing.

So actually, its nothing. Most likely stabilising before taking another dive down, but possibly also stabilising before it takes leap up. Anyone who gets trapped here is either knowingly taking a risk or an idiot.