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RE: Bitcoin (BTC) Update: Is the sky falling?
I generally like to see confirmation of divergence on a few different indicators. The rally on the 15 minute chart appears quite corrective and not very strong. I still think we have at least a little way to go on the downside.
Confirmations are good to have. But often, once the confirmation is confirmed, much of the momentum has been spent. This is why laddering at estimted bottoms of an abc correction has been the best money maker for me.
Please review the laddering blogs posted .