Updated

What goes up must come down

Chart is self explanatory.

Target = $ 37k - $ 39k

*MFI (1W) = 91 overbought

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So, what now?

a "wave A" decline is now getting underway

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What comes next?

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Avoid long positions

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This is a selling opportunity

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The bull trap is set (ready to spring)

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Are you a perma bull? :)

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Trader asked:

The third wave is smaller than the first wave. The third wave is not over. ..

My reply:

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good luck

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Trader asked:

is the next step a bounce to 43k and then a drop to 39K?

My reply:

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Update

Target 1 = $ 39916
Target 2 = $ 38307

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good luck

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Wave 4 is still not complete, the underlying pattern appears to be a ZigZag (sliding to $ 39k). we will see.

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The greater fool theory suggests that

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we will see

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good luck

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Update

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Here less is more

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Update:

What happens if bitcoin ETF is approved?

Reuters: SEC only asking for "minor" changes!

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trend reversal in progress (Wave B)

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let's see what it does

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80 days

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Bitcoin vs Gold ,Which Is Better?

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$ 43782

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How high can this go?

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we will see!

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Countdown: 69 days

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we will see

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What I see:

Wave B > 0.854 of Wave A (What is changing ...? )

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Good luck everyone

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$ 49975 Very good :)

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Update

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(as we expected) $ 56500 < Target < $ 57500

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Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.