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RE: BITCOIN IS CONSOLIDATING FOR A BIG MOVE
btc seem very risky to trade on now....as i anticipate further downside towards the end of the month. before then, we will see some few rise in 2 to 3 days time and consolidate again. so why risky a few rise (profit) against a big drop (lose) coming. stay save is my advice
A short while after writing this, I determined to exit my position in BTC, taking a smaller profit than I would have liked to, at 11%. Of course, as soon as I exited my position BTC made a decent move upwards, seeming to break through the long-term resistance. Volume does seem to be increasing slightly at this point in time. Once it tests the long term resistance as support...? If it bounces upwards it could really take off.