Since our last post and where we closed our last trade at 9700 BTC has continued to perform to the downside. This was predictable and expected. I am providing a new analysis as its been a while since i talked to my followers. Nothing has changed in the mid term and we await a likely test to the bottom of the triangle. Previously it took 32 days to complete the downside move from the last lower high until conclusion of the higher low. We are now in day 13, where we previously seen a bull trap. Likely scenario is getting a slight bump as high as 8600, but this will not likely sustain and be another short term bull trap, as such don't fall for the bait. As always we await EMA cross confirmation on the 4 hr and additional confirmation with the indicators. So until the next update, remember patience and capital management is key to surviving bear market and i will provide update as the situation develops or changes. Until then.... Best Regard Ecicic
