“If it’s lower, put me back into the coma!”
Not a whole lot of action in BTC today … what we’re seeing is isolated selling at
times that take price down quickly in 1 or possibly 2 M1’s, and then it regains
back most but not all of the loss, and so we end up with this gradual decline in
price highlighted by sell stops, that in essence get the shorts out of the market
as the public sells … what we need to see for higher price again, is for the low of
the previous day to hold, and then work from there … as long as each day brings
a lower low, it ain’t over to the downside … and along with that, break the
previous day’s high and swing higher … when that happens the positioned shorts
will be the ones to panic, and maybe we can attempt again the 10K level … other
than that, nothing new under the sun for BTC.
… until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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