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JakeSandhu
Jan 6, 2021 1:13 AM

BTCUSD: Short Opportunity (Weekly): Short

Bitcoin / U.S. dollarBitstamp

Description

BTCUSD: Short Opportunity (Weekly):

Historically, BTC has always corrected 35-70% at the 90 weekly RSI. Averaging the last 4 corrections concludes to a 47% decrease in price for its upcoming correction. Ideally, i would keep eyes on the psychological level of $20,000 for a more conservative PT and see what PA does at this level, if it does reach this level.
Comments
ryan_james444
I think im going to give up and buy. It refuses to correct
JakeSandhu
@ryan_james444 What goes up, must go down.

The longer the wait for the correction, the bigger the fall it will be :)
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