From a wave standpoint price is mirroring early stages of a crash vs bitcoin circa 2018
Price technicals:
Possibly a leading diagonal of the bearish impulse forming.
Probable bounce back to 4100 before capitulation or accelerated selling to new lows'
Wait for the bounce and short the ponzi
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Minute update . Price pumped on FOMC statement but you know what they say buy the rumor sell the news. That 50 bps rate hike not gonna save this bearish market structure imo
@Laurent10, posted an update potentially looking at 4370-4400 for local top before market rolls over again , thanks
Laurent10
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@GerardWalker, Oh...maybe I cant read, but your (initial) chart looks like its going down from position iv - my bad
Laurent10
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Hi....you still think/believe it will go to anywhere near 3500 (iv) its already shot back up to 4175. I don't think it will come to 4000 let alone 3500......for as long as I can remember now, for EVERY drop their has been some sort of reversal, climb back up - look at yesterdays moves, that is typical of what's been happening. For every sell it always comes back up....their is no crash/drop whatever to the levels that people are talking about......'they' wont let it happen. Thanks for sharing, cheers. I hope I'm wrong.