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We can see clearly the similarity between what happened during the beginning of the year and what is happening now, that is why we expected this drop.
The market was loosing momentum and strength each time BTC was forming another high. Then we see our lower high and drop.
My ideal scenario is seeing BTC drop to those lower level (30s and even 20s) and only after that we'll see a new All time high. If not, the all time high that we form wouldn't be healthy in my opinion, the crypto market wouldn't be healthy, everyone doubling and tripling money without a real accumulation, and we'll have after our all time high a major drop where coins will disappear. Let us hope we accumulate even more before our 80k and 100k+ move.
If we see the market correct further, we can expect to stay there for over a month easily.
Let's hear what you think in the comment section below.
................................................................................................................................................................................... 🔹 What do you think?
Good luck traders, 🔹 Not financial advice Manage risk and leverage DYOR
I agree with you - as I have before. My thoughts are the 26200 area. Not so low that it causes panic. Low enough for the institutions to buy at 'sale' prices. Time frame - I guess October into November.
We must remember the this is a manipulated and managed fall. I have spotted a number of 9TD's over the last few months.
NajjarTrading
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@esorlegin, Yes hope so! We need the "sale" too :p
We must remember the this is a manipulated and managed fall. I have spotted a number of 9TD's over the last few months.