Bitcoin

XBTUSD 4hr Mex Chart: In search of bottom

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$6300 hasn't proven to have much buy support as the slow ride down traps bears and bulls alike. The small bounces we've seen and lower and lower wicks downing liquidity makes me feel more and more that we have further to go. Possibly all the way down to $6142 level for a strong bounce, but hoping that $6209-6183 serves as the launch pad for a strong bounce off buy support(and hopefully market reversal). We could see something less dramatic, with a longer walk down to those levels before we see a strong reaction, but we all know Bitcoin loves the drama.

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