BITCOIN consolidation/price analysis

in #bitcoin7 years ago

Cheered yesterday's selloff in bitcoin (and other coins) yesterday. Was ready to re-enter the market (I sold at the top!!), but didn't. Woke up this morning, saw the rebound, and felt pissed that I'd missed the boat.

Opened up a BTCUSD chart and realized NOTHING about this chart says I've missed any boat. We have a long way to consolidate.

Screenshot 2017-12-10 at 11.56.08 AM.png

NOTE: My medium term price projection.

DOUBLE NOTE: I'm not a professional trader.

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Maybe we are not so far from consolidation? Read more.

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