firstly, this is an alternative to my primary case - go check that one out if you're new here.
primary - via:
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secondly,
the current correction we're in can be classified as the grand cycle wave 4. wave 2 was sharp, therefore wave 4 is complex, as per the law of alternation.
a complex correction can take the shape of many different things. this right here is a prime candidate if the flat fails in the months ahead.
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if btc continues to flag out down here, we will see a similar situation to what happened back in 2018 - where compression will continue until the rug is pulled.
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>lot of longs in the markets still, who are happily willing to push the price down heavily if a wave of liquidations was to be triggered. >i do believe we'll hit 5k in this bear market, maybe even lower - just not sure which path we take for now, (but i've narrowed it down to the two main cases as of today).
@Vibranium_Capital i'm always here, just not posting publicly anymore. shorts always get crushed, it's nothing new. you just need to know when to short, and know when not to short 🌙