Today has shown yet another impressive bounce from a highly oversold level. However, we are still early into the bear market and the current charts closely resemble a bulltrap in June. The chart still needs some time to develop and prove itself as not a trap by sustaining these high levels and so far it does not look like that is happening on Bitstamp. If it is a trap then the 3 day EMAs will be crossing down.
I´m lookin forward to it since days. This is gonna be awesome!
