asparoth

Short term drop, don't fall for the bear trap

Short
asparoth Aggiornato   
BITFINEX:BTCUSD   Bitcoin
When everyone in the community is screaming go, I say no. When everyone is calling for extremes I say; be calm.

Btc is set up for a bear trap, don't get caught.

- MacD crossover
- MA short term resistance hit
- Market sentiment; expecting a drop and many calling for a bull (wtf...) trap

We're going to set a higher low that will go to 7800$ max to continue the health market recovery. Don't get caught in the selloff and buy the lows. I'm in fiat waiting to convert my fiat into more BTC.
Commento:
Comment; Long-term I am obvious a bull. The davos forum was almost unanimously pro-cryptocurrency with the Asian reps all expecting a 20k-25k Bitcoin, followed by the positive SEC meeting and of course the subsequent healthy market recovery. YES the correction is over, YES we bounced way too hard to not have a short term drop. A healthy recovery consists of higher highs and higher lows!
Commento:
We've been down 200 dollars so far which proves... exactly nothing.
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