Simple prediction by new strategy I've been testing (TOP SECRET)
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It seems we have just witnessed a nice break to the downside. Expect a swift bullish correction soon to retest the black support line (blue arrow, line is now resistance). It will decide our fate.
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As we can see, price indeed broke the support line , and is heading exactly to where I expected it to be (blue circle), retesting the now resistance line (black). Should it hold resistance, we're sliding down to 6 k pretty soon.
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Straight into the center of the blue circle. Now can I get any more precise?!
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So far so "good". We have reached a strong support zone, so I expect a retracement to somewhere around 8.600 (NOT to trap more money and fool stupid buyers) before continuing down the drain to 6k (expect a rather large stophunt at that level, but lets leave that for later).
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Ok so... We see the price bouncing between those two support/resistance rectangles. But I'm 100% sure we're about to see a clean break to the low, breaking support and heading for that 6k zone retest, which will result in a double bottom on Daily. Only after that, we can get onboard for a new moon.