Cryptogasmic

BTC in make or break territory - Whats the strategy

Short
BITFINEX:BTCUSD   Bitcoin
BTC still in that zone of take profits at the end of a strong 5th wave. If this is a retrace were looking at the green boxes starting with $9500 So i will accumulate buys from there down to $8500 to cost average. Now is not the time to be buying, now is profit taking areas or if you missed out, i would wait.
Need to be careful not to get caught in an ABC retrace where the B wave may come back and retest 10k, people FOMO then we see 9500/8500 again.
The positive. The 6/7k price area is definitely in.. for now.

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