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MetaShackle
Apr 10, 2024 11:23 PM

Bitcoin (BTC) likely to selloff shortly after the 4/20 halving. 

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin has been on an absolute tear for the past few months, and its run from 27K to 70K+ was one with no major corrections, which is something to be cautious of. If you study the charts, you'll see that BTC generally sells off for a period after the halving (buy the rumor, sell the news) at its finest. I think we are going to see a sell-off shortly after the halving that's going to liquidate many traders who joined the party a little too late and will be major profit-taking for those who got in early, using the euphoric buying as exit liquidity.

Be cautious!

Good luck, and always use a stop-loss!
Comments
scrom_indicator
i do love you sneeb. smells good, thinks good, has a good sneeb, you sir. good trading to be many profits unto thee said the great finkle.
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