BitcoinLong
USE A LOG CHART!!!
When looking at an asset that is as volatile as bitcoin, a log chart should be used to analyze it. This way, drops are proportionally scaled to the massive growth and falls. When we look at the log chart, this drop actually looks quite similar to the previous correction and more before that. We could test our bottom again, but I don't think we are headed to new depths...That is of course, unless everyone wants to go to new depths.
Also if new traders could learn that a "short" is not a short term trade that would be awesome.
Also if new traders could learn that a "short" is not a short term trade that would be awesome.
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