PeterLBrandt

Extremely rare for correction to have just one hard down day

Short
COINBASE:BTCUSD   Bitcoin
Perhaps the decline on Feb 9 was the start of a milder correction. Perhaps it was the start of major correction or even the recommencement of the previous bear trend.

Even if the decline was part of a milder correction, it is almost NEVER that just one hard down red candle ends the correction. So, at a minimum I would expect another hard down candle.

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