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Eloquent
Nov 26, 2022 4:32 PM

btc 11-26 update 

BTCUSDT Perpetual ContractBybit

Description

gm

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i've been trying to figure out a way to finish the count at 13\14k, but the structure just simply will not let me.
so i'm proposing an expanded w5 to finish the count between 11~7k.

that might seem low to some people, but when you zoom out - it's just a little ripple in the ocean.

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the final capitulation phase in crypto generally see's the hash-rate crash through the ground,
the weaker btc miners go insolvent,
and most of the major players who were not prepared for this \ who were over-leveraged, simply just fall off the grid.

it can be easily avoided,
by not being in the market at this time.


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ps. i could be wrong about the bear case - so refer to the bull case if you're on the other side.
👇




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and if you've made it this far,
just know that it's always darkest before dawn.
👇




🔺

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Comments
tahmidshahid
"As soon as the villain shows his face" Lmaoo, on point!!!
shahbazali2k18
On point ELO .. .as always . .
SwallowPremium
What a great idea! It remains to wait for the price to fix, and we can enter the position)
yurist01
Hello. What about 13,8 -> 28-32 -> 5-7k path?
Eloquent
@yurist01 still possible, just highly unlikely with how the recent move came down.
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