Rscribble

Back to 50k BTCUSD

Long
BITSTAMP:BTCUSD   Bitcoin
BTCUSD broke 2 immediate supports. It has to create a solid base before it can go any higher. It would probably retest the support at 50k to make sure there is significant buying pressure.

As for a crypto market crash, I doubt it would happen. The buying pressure from the past few months have been strong and it needs to run into proper consolidation before any crash happens. It would be best if we focus on buying low rather than setting up shorts. TAYOR
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