Here is a little idea for the end of this wave. It needs to be quick and scary. Like a true bull run scare.
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Last leg before the last leg actually imo but I meant lower degree last leg.
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Worst case should be this.
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Nothing for the bears? :D Honestly I still can't see anything to be bearish on the chart.
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Quick and scary - Checked
A bit lower than expected. Still fine.
A bit lower than expected. Still fine.
Trade active:
I entered a trade ~40.8 stop ~39.2. Will update if it works.
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You think this is a top candle? No. Not yet at least.
Trade closed manually:
I just closed @41k. Too much slow pressure. I've been struggling to understand Bitcoin PA lately. Better wait for more HTF structure.
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For some reason I feel like Bitcoin front ran the corrections :D Idk I can't turn bearish.
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People say people are too bullish. I don't see it tbh. Maybe it's just me but what I see is people comparing this run to old cycles and saying huge correction is coming before halving. Others that say it goes down after a deviation. Idk if it's just me seeing this or is this really becoming the crowded trade. I believe we are at that point to punish that crowd believing "this is just like the old cycles". I can't see the path but this is my feeling.
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Different views between daily and lower timeframes. This still wants to retrace all that dump if you ask me.
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Yeah I should have keep that and have the doubt around 42.5-43k :D I guess it was just too speculative for me.