What goes up must come down

Chart is self explanatory.

Target = $ 37k - $ 39k

*MFI (1W) = 91 overbought

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So, what now?

a "wave A" decline is now getting underway

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What comes next?

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Avoid long positions

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This is a selling opportunity

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The bull trap is set (ready to spring)

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Are you a perma bull? :)

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Trader asked:

The third wave is smaller than the first wave. The third wave is not over. ..

My reply:

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good luck

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Trader asked:

is the next step a bounce to 43k and then a drop to 39K?

My reply:

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Update

Target 1 = $ 39916
Target 2 = $ 38307

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good luck

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Wave 4 is still not complete, the underlying pattern appears to be a ZigZag (sliding to $ 39k). we will see.

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The greater fool theory suggests that

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we will see

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good luck

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Update

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Here less is more

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Update:

What happens if bitcoin ETF is approved?

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trend reversal in progress (Wave B)

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let's see what it does

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80 days

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Bitcoin vs Gold ,Which Is Better?

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$ 43782

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How high can this go?

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Update

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we will see!

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Countdown: 69 days

we will see

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What I see:

Wave B > 0.854 of Wave A (What is changing ...? )

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Good luck everyone

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$ 49975 Very good :)

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Update

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(as we expected) $ 56500 < Target < $ 57500