Bitcoin- fake breakout 9 October 2017
This current rally does not seem to be volume supported. Also No new money is coming in into system this is just the recirculating money from altcoins.
Before we actually see a bull run to 6000$(?), I believe we will see a correction. Beware of buying now.
For me to confirm that this bull run will bypass the correction it needs to hold at 4600$+. Although I'd rather have it correct now than later because the correction will be deeper then.
Please not that I am long term bullish on Btc.
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