BTCUSD: Let's NOT Conclude We Are In The Process of a Dump!
Hi Everyone! Simply want to explain WHY we should not draw the conclusion JUST YET we are in the process of a 30 to 40 percent drop.
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UPDATE:
I'm NOT going to assume we do not continue falling further to the 0.618 FIB Re-Trace. At the same time, I'm NOT going to ASSUME we have already found our bottom and on the verge of resuming a sustained period of upward pressure yet. Let's allow our "Downward Pressure Race" tell us WHEN our downward pressure has concluded before drawing any kind of conclusions based of mere assumptions.
I'm NOT going to assume we do not continue falling further to the 0.618 FIB Re-Trace. At the same time, I'm NOT going to ASSUME we have already found our bottom and on the verge of resuming a sustained period of upward pressure yet. Let's allow our "Downward Pressure Race" tell us WHEN our downward pressure has concluded before drawing any kind of conclusions based of mere assumptions.
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UPDATE:
A look at our Daily (24h) Time Frame:
A look at our Daily (24h) Time Frame:
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UPDATE:
LET ME BE CLEAR: The ODDS are VERY HIGH of the price action falling to the Yellow B-Band BASIS in the 2-Day Time Frame (That general area); which puts us around the 0.618 FIB RE-TRACE at $26,902. Consider scattering buy order between my 0.5 and 0.618 FIB Re-Trace levels.
LET ME BE CLEAR: The ODDS are VERY HIGH of the price action falling to the Yellow B-Band BASIS in the 2-Day Time Frame (That general area); which puts us around the 0.618 FIB RE-TRACE at $26,902. Consider scattering buy order between my 0.5 and 0.618 FIB Re-Trace levels.
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