Ladies and Gentlemen welcome to another edition of FrancoBlanco's Dreams. From what my imagination can depict a nightmare is near a monitor near you. MACD Technically is looking over-exhausted. The RSI History Alert indicator is looking exhausted. These by no means should be used as investment advice. Please DYOR Hit the like and leave a comment and let me know what you think happy hunting. Maybe I'm shorting the bottom?
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7 hours in and Bitcoin looking, strong dear lord.
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It seems as if this might be the beginnings of the ending cycle who knows BTC could change its course once more and continue a parabolic uptrend of the likes the world hasn't seen before.
Am I reading this correctly, you're projecting it to hit sub-10k in a few months? That would indeed be a novel development and frankly, not out of the realm of reason, but seems unlikely at the moment.
TheCryptAlpha
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This isn't happening
Umarzia
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though it's a monthly TF this scenario can't be neglect. big names who have bought BTC they have to sell it at some point to book profit, retailers who are buying every ATH, big whales are just making them usual to ATH and at one point they'll unload it to retail investor who would be hoping for another ATH. on the other hand fed is printing more money but now they declare that free money has to be return, DXY will find bottom (or had found already) and keep journey to upward which will cause btc to go south. remember bitcoin is only a hedge against weak dollar but how long dollar will stay weak?? it'll rise and retailer will end nothing but buy at ATH, than whales will make a shake out and buy it back at cheap prices again.