Bulls are fatigued, and they're getting trapped!

26 мар. 2018 г.

The bulls and whales have been propping BTC up for the last week now, but despite their support the pump is not gaining traction. I am still seeing bearish indicators across the charts. In a previous charts I showed that the pump was most likely over for now, a bull trap was being set, and today I think some bulls were trapped despite my warning in previous charts.

• Bulls were trapped in the sub $8200 zone, if they did not captures their profits sooner (I gave warning about this dump in a previous idea)
  
• Volume is overwhelming bearish even during the current drop, there is huge sell pressure and all the major volume is red.
  
• I don't know if we've hit a bottom yet, I think it could go to $7000 (but I honestly have no clue atm)
  
• I am on the sidelines waiting for it to go lower :)
  
  

I'm building rep, please like my chart if you like it ;)