Bitcoin is looking like it wants to take a 5%-20% drop. Potentially may tick up a few percent to shake some hands. However as seen in the chart you notice the circles , every time bitcoin hits this area it has seen around 20% pullbacks. The first indicator is the HVP and shows we are expecting a move. If you note before, it was flashing red and orange bitcoin dropped. The second and third are RSI+. The first is regular with settings of 2. and the second is the RSI of the RSI. which shows deeper levels of it and can sometimes see a move the first one cannot.
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if you follow me , i trade head and sholders with a long on the 2nd shoulder forming, i close it after it breaks the line of support and short at the point. in this case the short hasnt occured still. although a lot could aruge this is a tough one to see, i have the rsi to confirm.
@insanecharge, Long to 36k conservatively... Possibly new ATH after pull back to where we are now ironically, 25k area. Data dependent. Daily data says long. weekly data says long. monthly data says long.
insanecharge
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@Elefant-Schnitzel, yeah seems rather bearish on the monthly if you take a h&s pattern. was short since the 1st
insanecharge
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largest shorts liqudation since july 2021 .. lets goooo