RACEACEACE BTCUSD BITCOIN 7600 "SCAM WICK" INCOMING. BEARTRAP.

QUICK UPDATE: I believe the current level is a BEAR TRAP. The price is above the blue 1/1 Gann Fan line from the pivot high of that nasty wick candle (7659). In the coming short term, the price is likely to chop and move up towards the 8/1 line of this fan. The 8/1 line is situated at 7570 (near 7600).
It is no longer wise to enter a short position in the current price range. It is better to LOOK for shorts near 7600 if / when the price approaches that 8/1 line. I anticipate for the price to break above that 8/1 line resistance but I expect that 8/1 to fail as support, resulting in a DUMP.

My trading idea from yesterday:



Once again, shorting / longing right now, not wise. Wait for a big move to enter a trade. Why gamble?

I will not long or short at the current level. You can do what you want with your money.

I may be wrong - but I prefer to be safe than sorry. Good luck!