- crypto hype at its peak (euphoria) - F&G index in extreme greed - new ATH announced in mainstream media - too many winners in the market for months - vertical price rise since 40K - momentum indicators in overbought zone for weeks - several bearish divergences in TF4h - downward trend in recent days - the price action has broken its bullish oblique - the renewed inflation will delay rate cuts
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Take profits or set SL orders:
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Update:
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Take profits or set SL orders.
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TF1h: 71K rejected, bearish scenario still valid.
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Rejection confirmed.
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Strong rejection in progress.
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Tough battle around the key level of 71K.
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Bitcoin is starting a long fall.
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Beware, if Bitcoin rises back above 71K, the bearish scenario will be definitively invalidated.
Trade closed: stop reached
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I've misinterpreted the results of my predictive model on Bitcoin: the sharp drop isn't for now, actually there are three bullish spurts left until a new ATH.
I don’t understand why people are laughing. Like it or not this is his prediction. I’m happy to see these kids laughing in every comment. We have someone to sell on. 😅💰
emadill915
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30K😂😂😂. That is comical
emadill915
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@emadill915 I agree it’s going down more, but there’s no way it even goes to 40 K