BTC top in for the near term? $31k first, then $9k
Think we've topped for the near term. Sentiment at extremes. Ugly 2W candle.
I think we go down first before up to shake out all the late longs who think they're geniuses for buying at $20-30k. Price should gravitate towards the gray boxes within that time frame.
We'll have to see how it plays out. Idea invalidated on a break of $58.4k
I think we go down first before up to shake out all the late longs who think they're geniuses for buying at $20-30k. Price should gravitate towards the gray boxes within that time frame.
We'll have to see how it plays out. Idea invalidated on a break of $58.4k
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Invalidated. New idea:
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Thought this was invalidated on the break of $59k but technically we never closed over that level. I actually lean towards this as my base case going forward.
$9k-$12k by November
$9k-$12k by November
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Part 1 played out perfectly
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Another way to view the downtrend. A break of 2/1 will make the scenario even more likely.
