Papou

BTC short term

Papou Updated   
BITFINEX:BTCUSD   Bitcoin
BTC will need to hold this 0.618-0.786 zone if it wishes to continue on. It seems to be losing momentum on higher timeframes and trend line is struggling to get defended. Possible bull trap in a classic sell zone. We have a lot of resistance on the upside here and havent had enough of a correction to reset momentum yet.
Comment:
Going as planned.

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