For me its obvious that BTC will pump hard soon. Many people will short the bottom like in July 2021, when 90% called the H&S pattern. So this is my game plan. Accumulate between 14.000-10.000$, sit on my hands, and sell at ~45.000$. The price action will tell the story. This is just an option out of many. Its also possible that BTC will range between 10.000-25.000$ for a long time. Time will tell.
Mate, I see the vision but highly doubt we’re going back to 45K next year.
Tradersweekly
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Thanks for the alternative idea.
Solldy
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Very good charting. Thank you for sharing this great idea!
Ether2020
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This idea is quite possible, but it will depend on how things continue with the Crypto exchanges. If the price falls further from BTC to 10k, I see even more exchanges collapsing, and that opens the way to even lower prices. But first, of course, a few false moves to strip traders of their positions. It is all manipulation, and the bigger investors have lost confidence quite a bit.
Ben_vouh
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@Ether2020 keep in mind that bad news can be good news. on the day ukraine russia war began, btc find a bottom and pumped hard.
Ether2020
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@Ben_vouh, that is true, but we must not forget that the whole crypto world is run by the big guys and not the small retailers. My target for BTC, like yours, has been 10k for a very long time. People are counting on it, and we will surely see a pump there, but personally I doubt that is the bottom. Wait until BTC hits 5k and then does nothing for a while. The interest of the masses disappears. That's how the cycle always goes as long as markets exist. But it remains exciting, of course. We will see it in 2023. Keep up your good work, my friend. You have a very good view on crypto's!