possibly an extended shakeout coming at the perfect pain point $10,000
consolidation may take place above the 18 MA LOWS guessing the range will be 8k - 12k this would generate a lot of shake outs 10k will likely be the best place for markets to take out stops on longs and shorts easy liquidity grab at the psychological fomo area
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so far right on the money
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looks like the shakeout is nearing the end now just 18 more months until 100,000 happy trading!
You can see in your chart that btc dipped that month in the last cycle and tested the support before consolidating.So,That means we are about to test the support in this cycle too.
GJMRealEstate
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@rakshit08, possibly. the past does not necessarily equal the future. but I am expecting the 100 DMA (not pictured here) to be tested every so often in a bull market.