The true battle begins

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Get to clenching those cheeks!

One of my lasts posts was regards to how dangerous this area has been for $BTC

7850 is my place for a solid bounce, if we somehow fail that area of support new #ATL is imminent.

The most positive thing about this post is that my trendline is still holding up. Barely.....

If we break that, expect a massive drop to 7.8 k.

Before ATL we can see consolidation around 7.4 moving in the downward direction.

If we do break in downtrend ATL bounce # for me personally is 4950 #cringe

I am bullish , however it does not matter I have no influence I just play direction.

Good luck everyone.

Update on smaller timeframe.
What would you advise a newbie that has 2/3 BTC and 1/3 ALT? Thanks for sharing.
angel0wnz earnBTC4free-com
@earnBTC4free-com, I honestly do not know your financial situation but I can tell you what I am doing. Buying BTC and Bluechips on dips in small weekly amounts. And gambling on bitmex to increase BTC holding. As far as alts I am waiting a long while before going in on those. I would definitely go back and re-examine your position and how to minimize your positions outside of BTC and if you're already in some losses, wait and accumulate very very very minimally and try and lower your average price. however i am not a financial adviser, so please do your own DD and good luck!
@angel0wnz, TBH, I scaled back from 55% to 66% in ALT's to BTC recently... guess it wasn't enough. Thanks for sharing again. 80
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