sashanclrp

BTC FOR GOD SAKE WENT BULL! OH WAIT, AINT THAT A BULL TRAP?

BITFINEX:BTCUSD   Bitcoin / Dollar
Right now I'm on the edge of my chair, but lets go straight forward.
Last night BTC             went for a few hours Rally, but Volume did not support it and falls to the prior resistance at 11700 that is now acting as a solid Support. But! If we see the Support Trend Line and Resistance Level 1 (Blue) and Resistance level 2 they are both creating a wedge , so not so bull right now.
Any way, be carefull BTC             may break the 12200 Resistance but needs to have enough Volume , or fall below the 11700 Support. If this last scenario happens, its going to hurt A LOT!
For God sake market needs to terminate this January Bear season soon!

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