The red and green are about to cross. You can see in the past what it led to.
Take care, ReallyMe
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As predicted, the red line has crossed the green one from top to bottom (July 12th). Now just one faked "rescue attempt" and a deceptive climb to the green line, then a BTC crash could soon begin...
Your ABC scenario is all but ruled out now. I hope you have a plan B and decided to buy a few coins below 10k :)
ReallyMe
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@FlaviusTodorius67, We will see. The market is full of surprises and treacherous turns. At the moment I'm relaxed and watching this way too steep rise and the daily RSI of 85 with a smile. When the time comes to buy BTC, I will be there. This time is definitely not now. Good luck!
ReallyMe
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@FlaviusTodorius67,
IamPhoenix33
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Fiat sucks ... I don't even care if Bitcoin dumps anymore ♾️
IamPhoenix33
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I notice that the first & second cross-overs led to bearish price action, the third sideways then bullish, while the fourth happened right before some extremely bullish price movements. No? ♾️
ReallyMe
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@IamPhoenix33, That's right. The price avoids being constantly predictable. It's more of a regularity, not a rigid rule. Also, the angle plays a role and opposing overlaps on higher time frames can pull it up again.