@longmoney, Thanks a bunch, I hope your bear count fails and this triple bottoms :)
longmoney
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@Mikelikescrypto, Np bro. Me too. But do know, I buy technical pivots regardless of my overall position. A real trader takes the trade regardless. If I get a technical pivot on a long with BTC, I DO NOT hesitate to buy. Of course I'll manage the risk because of the dominant trend. But real traders aren't afraid of stops, right?
And your count is discounted until that pivot is taken out. Follow your TA and your TA alone. Bulls still have some valid counts.
longmoney
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*not discounted
Mikelikescrypto
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@longmoney, yeah, so next stop 6900, that's the test to make a run to 7-8k again it seems.
longmoney
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@Mikelikescrypto, Those lines are pretty much free hand. BTC count is f'n tricky man. I would like to see 6900, but that could still play both ways cause of the friggin shorters using levg. I never, NEVER, short BTC.
longmoney
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@longmoney, Here is the problem for bulls. These previous pivots shorts. Their target is take the bottom out
longmoney
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In other words, invalidate bull count
Mikelikescrypto
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@longmoney, Yeah, it likes to move quite a bit and dip in and out of channels/transient zones. By the time you confirm the move it's moved halfway through the channel and moving quick to the next support. For now we got some higher lows :)
longmoney
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@Mikelikescrypto, Yep bro. I am a TA purist. Never perma bear or perma bull. I trade. Expect some stagnation for some time. Tty soon bro. Keep the TA comin ;-)