Bitcoin's Big Bottoming Tail

Looks like we may have a bottom forming around the 50% retracement for BTC. Of course, we won't know until several days in the future, but as it sits right now - this might turn out to be the end of this correction.

Again, we have to paint a few more days of candles AND hold this level AND turn up BEFORE this prediction holds water. Any fool can look at the PAST and 'predict' price action with almost 100% accuracy based on almost any trading system. It's only the truly intrepid who will prognosticate in real time like I am....

...or the foolish - that is why I do not trade. The moves are always apparent when you trade.....AFTER you have LOST the money......ahem....

The only thing that can save anyone from this sort of volatility crushing them is to have properly sized your entry position so that if you lose every PENNY you do NOT lose ANY sleep over it.......

Just sayin....