BTCUSD is approaching our first support at 3039 (61.8% Fibonacci extension , horizontal overlap support) where a strong bounce might occur above this level pushing price to our major resistance at 5026 (100% fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap support). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price.
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We looked to play the bull trap and then we say a nice move down for a win on the 4 hour. We're actually expecting the price to continue down but love the analysis!