BTCUSD - BITSTAMP IS THE TREND CHANGING DIRECTION??

Not only main down trendline (green one) is broken upwards but also 4 hours RSI shows that for the second time we are above the down trend in RSI.


On the daily chart HMA shows that trend is changing from bearish to bullish.


Until we break upwards marked area I believe bear trap is still possible. 9000~9200 and around 11000~11400 are both critical resistance areas.


Considering any bearish trend on hourly chart, I still believe that 7660 levels are still possible, breaking down upper trendline A will be a big move downward.

Calendar Note:
CME XBT futures contracts will expire on 27th of April at 16:00 London Time.

Please note that this is not a trading idea