MokhtarSafir

BTC in obvious bull trap 50 EMA acting as strong resistance

BITFINEX:BTCUSD   Bitcoin
BTCUSD Just another bull trap.
Nothing will happen until the 50MA broke. the range of 3700 - 3800. on a daily time frame, we need btc to break and close above 3850.
The 50 EMA is acting as a fucking strong resistance for over a month and everytime BTCUSD hit that level, the start for a spike down starts.
So, either fucking bull believe in this asset and break through the pile of short or it is just another sign for short to add more to their position.
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