Bitcoin USD is very over sold on the RSI i am scaled in in a position as the 4 hour RSI got very over sold and will be looking to sell for a bounce in the next few days!
Be careful guys. The whales have been known to spike the price of BTC as soon as the price goes right below 10k. They intentionally do this to shake out and liquidate users who are shorting BTC.
USE CAUTION.
FakeSnake
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@cdgsyn, Take the example around 30m ago. They did this exact same thing during the last dip.
AaronOlsen
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Your looking to scale out in the next couple days? Selling the bounce? Just curious what you meant by that? I have an entry at $10580. I should have entered at 10,3. Nice vid and thanks for the insight.
soo i bought some at $10580 and am buying more as we come down. we should be looking to establish a new low above the previous low at $9108 area and bounce back up to make a lower high below $12300 if we fall below resistance at $9108 then id cut loses and get out but most likely we will see a bounce.
AaronOlsen
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@BlockTraderJoe, thanks for taking the time to expand on the end of your vid. So we are more or less on the same page to be honest. What did you make of that Goldman Sachs Tweet with an analyst forecasting nearly 14k for BTC in the near future? Was that put out to provide demand to drive this price back up there? I thought the timing was weird on that tweet.
BlockTraderJoe
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@AaronOlsen, I think Btc right here is a good buy long term with the stock markets crashing 500 800 points and the housing market just now starting to crash. I think Alot of people will start to invest there money into crypto where the value will rise instead of going down.
USE CAUTION.