BTC June 11th Update
Chaos: BTC fell from the sky yesterday and broke through crucial log support, which helped to outline a large pennant forming. This was obviously a very bearish move, and devastated many who counted on a bounce. Thankfully, those of us who were short did quite well. I am currently looking at $6500 (right about where we bounced) as a level of support that needs to be held. There is also strong support you can see at $6000. Zoomed this chart out just to show how raw and new this move is. Important to be patient here.
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