Aka Diminishing bear markets..to the tune of 63.5% less.. based off previous bear phases which occurred directly after a 3D death cross..
165 days of chop makes sense.. with a potential sweep of the lows once again.. and sprinkle in a 40% probability of a wick down to 12-14k ..
Until then.. I think we chop sideways until October.. Parabolic bull phase resumes post 2024 election and halving with a 150k-160k USD target before topping out in November 2025. Sorry moon-boys, no million dollar target this decade.
-- R.I.P. to my dear friend Andreas who passed on today at the young age of 34. --
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On track
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FIGJAM
Heading up, resistance breached.. Upvember will happen
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We wicked down to ~15900 due to FTX Implosion
Good CPI pumping
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We got a lower range deviation due to "black swan", reclaiming it soon after and breaking to the upside.
Adjusted Top Targets.. I would be getting cautious from 90k onward. 142,500$ would be max target. Scale out accordingly, look for trend breaks, another parabolic run up (bump and run pattern which leads to a reversal).