I'm overall long on BTC, and I think while it may make a thin wicked candle further down, it's far more likely that it's about to bounce quite nicely, consolidate, and head up the channel again. Look out on the alts, consider your stops and where to take profit.
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Hmm well I was wrong with this one. It broke down through the MAs I was looking at.
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The low 1300s seems like the next support area, I'm still leaning overall bullish. Will it finally test 8600 after all that?
Anyway, I think despite some other bearish indications, BTC could bounce soon and reach as high as the 1900s before another bounce, and then finall to a new A.T.H.