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RE: BTC Morning Update: Head & Shoulders Spotted!!

in #bitcoin7 years ago

He's saying that when the price gets back up to 14k that is the pivotal junction to pay attention to. If it breaks then plan on a rise to 19k, hence the bullish sentiment. If it reverses back down then plan on 8k as the next critical juncture. It's about awareness of what price points to pay attention too and what it means more than likely if/when it is broken. The reading comprehension on here is severely lacking. Basically as a rule there will always be an A,B,C correction. It has at this moment completed that. If at 14k there's a reversal we will then know that it's an A,B,C,D,E correction. Some people appreciate the foresight of where to pay close attention to in order to risk manage.