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Wait for the correction in Bitcoin to enter BUY

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@hectorluis
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Observing the 4-hour temporal chart we can visualize the upward pause that Bitcoin is having, at the current point the bears can arrive and make the BTC fall to the range of $ 12,600 even see a correction to $ 12,350, that scenario would be ideal for Bitcoin to form a new support. When it reaches that range we re-evaluate the chart and look for an upside entry.

At this moment we are experiencing a lot of FOMO due to the news that we already know about PayPal and the injection of institutional capital such as Fidelity, Square, the Chicago Mercantile Exchange. That does not mean that the btc cannot correct and provide new buying opportunities, remember that the market is not linear.

At the current price you should not buy.

Posted Using LeoFinance Beta