Patience. You got a lot of things right. Maybe not so low (just 10-8K), but in the extreme case if it will not be a double top, it will be just a hairpin to 50-51K. And after that it will update the 2022 bottom. Patience. Unproportionate overhang of longs and not much liquidation from shorts. The market doesn't have to feed everyone who expects bitcoin at 80-100K tomorrow.
souleyedee
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@averkie_skila, yup, this feels like a stretched out retrace rally from last bull
averkie_skila
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@souleyedee, This is a bearish rally embedded in the global leg B of the correction. Now C leg is starting.
arvine11
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Foolish idea as other clueless bears...
btcusdhappyPaella56213
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stop thinking about covid 2019 crash. are you sayimg covid24?
ClaudioVelez
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If Pink line is support, and has been support, why should it go to 4000$ level? Because you want?
MyCryptoParadise_Nathan
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Thank you for the update! Your diligence in monitoring market conditions and making informed decisions is commendable.
Maybe not so low (just 10-8K), but in the extreme case if it will not be a double top,
it will be just a hairpin to 50-51K. And after that it will update the 2022 bottom. Patience.
Unproportionate overhang of longs and not much liquidation from shorts.
The market doesn't have to feed everyone who expects bitcoin at 80-100K tomorrow.