OneManTrading

BTC Has One Last Mini-Correction Before A Larger Move Upward?

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COINBASE:BTCUSD   Bitcoin
Anything goes and the chart speaks for itself. One last downward move to 10400 or so -OR- we can bounce up for the 14000 to 15000 some are calling for with lots of resistance and small retractions along the way.

The 4HR chart appears to have one last drop in it at this point. The 1D chart appears to want to move upward. 4HR wins first then the 1D but no guarantees.

Trade smart.

Good Luck!
Komen:
Assessing the previous 4HR drop of around 2700 we may just get to around 8000 if this is a full 4HR drop on this shakeout before the futures contract expires.
Komen:
Many days later and here we are... in the 8K range.

I have been buying low and selling into the small moves upward (scalping). In a bear market you buy small and sell. No big investments. Protect your wealth/capital and no relying on hope. Hope is a poor business plan.
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