Last week we completed the repeating pattern as expected.
This should give us some indication as to where we go next. I expect an initial rejection at 9500 range, a retrace / buying opportunity at 8700 and then a final bullish attemp at 9500. This will be an important point for BTC becasue a failure here would mean a probable symetrical triangle failure and a longer term bear market. Conversly a break means we go bulish.
This should give us some indication as to where we go next. I expect an initial rejection at 9500 range, a retrace / buying opportunity at 8700 and then a final bullish attemp at 9500. This will be an important point for BTC becasue a failure here would mean a probable symetrical triangle failure and a longer term bear market. Conversly a break means we go bulish.
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Looks like we topped out earlier so adjusted targets as below:
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Doesnt look pretty.
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Expecting something like this...
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be prepared.
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Playing out as expected. Bounce to 8500ish then test the long term trend line
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