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We will now be looking for Bitcoin to set a new low as the 4 hour RSI gets in the mid to low 20's as it has done historically. We are currently scaling in and keeping plenty of cash on hand to average down when we get another leg down and locking in profit on the small bounces.
We will be looking for the bottom of this dump if we get a large volume flush climax, otherwise we will look to the hourly chart to change the trend if it is a more drawn out turnaround.
Hourly Chart we are watching for a trend change:
