Black arrow, then we find out if we get a nice healthy a-b-c correction or if the bull continues (red vs green)...
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Decent chance it will bounce here to test 10k...but will it last? I don't think so.
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Sellers stepping at the 100 MA:
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nice inverse h + s break on the 30m chart could take us up to the .786:
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Seems like the price wants to test the purple trendline...if it holds we going up to the .786...if it breaks ruh roh we begin our descent to $7500-8k or so. Gluck!
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Nice, bounced nicely off the purple trendline and go a nice little pump. Since we are meeting resistance on teh daily this could stop a bit short of the .786 ...im still expecting this chart to play out. If the daily closes strong ill probably reconsider:
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Woops put the update in the comments by accident.
4h chart showing bearish divergence and a rising wedge...still waiting on that pullback. If we make new highs will seriously reconsider:
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Yes yes I know I was wrong : ) Sorry guys, not a prophet. Looks like we're going up:
With all due respect, BTC reached another ath and is in uncharted territory. Let's not pretend that we know the immediate future. Sure, there will be some short calls to make... But without accumulative data, we don't have much a story to paint in terms of foreshadowing. I would suggest that people prepare for a correction and pump at all times. Just my opinion.
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@fathomdesign, totally agree my friend. That's always the case but even more so now, indeed.