BTC Daily support on any major correction.

12 thg 12, 2017

No one knows with all the emotion of BTC and futures trading what ultimately price action can occur on BTC. That being said if BTC sells off in a correction we do not know if the cash will go into alts or go into USDT. I've been watching this market long enough to know that I know what I don't know and I've seen it work both ways. People think if BTC corrects alts will fly.....not necessarily....everything could just come down which is highly possible. At any rate I have charted BTC support on a daily chart where if we correct and come down to this level.....it's worth watching, if we bounce which most likely we would then you just look for a new trigger to enter, moving averages, squeeze on hourly time frame, etc. If we break this support then all bets are off as we will search for a new bottom. Not saying we sell off just giving price support if we do.