this one gives a better timeline analysis IF this is actually a bear market rally, and how + when bitcoin could will break out of the hypothetical bear market rally
this one is primarily so that i can save an idea without actually saving it.
welcome to criticism and debate
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what you do with this information is up to you.
i'm shorting this Tp scaled order 7.5k-9k
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Currently the high is 18883 If the over bought and very close to 100 weekly Mfi has the same track record of falling about 70% would put us at 5664.
5564 is the last support that failed during the bear market. Funny enough we also blasted right though this resistance.
We should expect a hard bounce towards the trend line. If it can’t hold above trend line on a weekly and daily we will be seeing 3k btc again.
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I don’t think we see 15k btc for a long time.
Attempt to get above the trend line will be seen again at the horizontal line
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I need more sleep. The high is around 13883 -70% around 4.1k -72% around 3.9k
(MFI weekly near 100 overbought) (Look at my other analysis)
With a rally this high it could mean we break even lower than 4k
High volatility break out - with a divergence in volume compared to previous bull run break outs - short
low volatility - with increasing volume similar to previous bull run break outs - long