Bitcoin has formed a bearish divergence and a small pullback is to be expected.
Possible buy target levels are marked in green.
As always, this information is strictly for educational and research purposes only.
Comment
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I am looking at the RSI and wondering "which poor bloke is still buying in at this point"?
Buy target levels are still on for me.
Order cancelled
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I am closing this order as the ETF news seems to be working for the bulls. This kinda makes me feel like this is a perfect opportunity for the bears to take over and mess things up.
I am still keeping my order as I still expect a pullback but since it did not complete within my expected TF I am scratching this idea off.
Agree with you But not small crash . It Will retest 48k Good luck
The_Profit_Prophet
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@SHAlavi, that is like a 20% drop. That is a pretty big crash. Not huge but big enough to disrupt most crypto markets.
Personally I don't see it going below 53.2k but if it does then most crypto is going much lower than that. If that happens then it's MEGA DISCOUNT MODE!!! Short the f*ck out of it!
Puteh89
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Depend on the ETF and the hashrate produce ... alot of new decentralize technology like PAC protocol etc and with major news mainland china exchange moving out .. southeast asia already at the best beating US in crypto , singapore and regulation attract more people to invest in crypto ... so the minir pullback only for discount ...
The_Profit_Prophet
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@Puteh89, ETF news indeed too strong. Let's hope the bears don't take advantage of it and we might just see 100K BTC price by around Christmas time.
But not small crash .
It Will retest 48k
Good luck