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Lots of accumulation phases. BTC is on the right path! I am a buyer now dollar cost averaging my way in. I do not, in any way, think that BTC is going to go up FOR SURE. I do think that this is the calm before the storm as the most likely scenario. If it drops, I wouldn't mind because it would bring my average down as I would buy at that level as well(do not think it would break HARD support at 8200) but if it does go that way look for a mother of all POPS UPPPPPPP shortly after therefore bullish. If it goes sideways within this triangle for a bit more then pops up which I think is most likely, I would go 90%(of my dedicated crypto amount) into it at around 10.4-10.7. Currently I am closer to 50% of the way in
The RSI has support at the low level it is currently at. Room to grow is there.
BTC does act like this....volume coming in phases and popping upwards then waiting and coming again before the media coverage comes in and the steady volume remains.
See it as this- Worst case: hold for another week or two to see gains if it drops. There is too much bullish sentiment to not grab up every drop now(goldman sachs futures, consensus 2018, exchange news, coinbase upping user capacity, history repeating, self fulfilling prophecies, place to make money while stocks dropping, etc etc)
I am wading in and eventually jumping.
What are your strategies peeps?!
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HAPPY CINCO!