BitcoinUpdated THE BIGGEST BEARTRAP OR IS THE BULLRUN SUSTAINABLE?
What i noticed when charting, was the number of shorts keep coming up, while we had this little bullrun. It is to my understanding that this is a ABC correction up. If it goes past 3915, i see it going further hitting 4500. But i dont really see the longgivity in this bull run. If it continues to be under 3915, i see it going back to 3200. For now we will test the bottom of the channel which needs to a valid support if we were to continue up.
Note
First target hit at the bottom of the channel. We will know wait for it to break or turn into a support. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.