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So where are we stuck?
As you can see in the 6H chart we are stuck around the 38% retracement point. Usually, this is not a place for long rests, but we have been here now for a few days, this would be a red flag for me. If I was going in for the short term I would pull out and wait for BTC at the 50% or 61.8% and place my trade there.
This is the long term view, here you can see that we have been trapped between two moving averages, the 20MA in green and the 50MA in Orange. There are small clues pointing to a down move but nothing too clear, therefore always trade like a nervous cat, if anything looks out of place close the trade and move to safety.
THE TREND: Going Down, we have not made a new higher high
THE OUTLOOK: Expected to go down, surprising if it goes up.
As far as BTC goes there's an old saying "The revolution will eat its children." BTC simply opened the door for the future of digital currencies, it will be devoured within years by more efficient types of currencies that are not even on the radar yet. Also, what we are doing here is immersing our selves into a new space so that when the new tech pops, we'll know about it first. Also, we are learning to trade now so that when the real money comes in on the next wave we'll be experienced traders making top dollar from the new traders. It's hard to see the end result now, but stick with me, we'll gain experience and our readiness will meet the opportunity that's yet to come -- which is the recipe for major gains.