Bear Trap? XBTUSD 1H Timeframe

13 Nis 2020

Prices for XBTUSD dropped and moved below EMA100 but found support at the 0.786 Fib. level, now we see prices moving back up.

Is this a bear trade?

We also a bullish divergence with the MACD and RSI.

As long as prices stay above $6635.5, XBTUSD can still go up (bounce).

If prices move and close below $6635.5, Bitcoin is likely to continue lower... Let's see how it goes.

Namaste.

14 Nis 2020

Not

Going good so far.