We are seeing negative divergence on the daily chart and a double top on the 69.1 RSI which is a deadly bearish signal. It's time to book profit and watch how this unfolds.
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Its too early to call anything yet. You need multiple daily candles closing breaking previous supports to call this. Needs to break 52K and 48K both of which were previous tops to see if they now turn into support. Bears tried to bring this under 54K for like a second but then had a strong rally and we are now back to 56K. Nothing really to celebrate here and it didn't affect the daily much.
blacklegend55
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@flai54 don't you think it will be too late to react by then?
ro.goudreau
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Bear market is in.
Car_loss_lambo_less
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@Ro.goudreau, already in for alts, btc is luring all those suckers in