Squeeze into the last leg of capitulation
Updated
btc has reached a zone of volume & is inching towards EMA's that once were deemed as black swan. I think we soon find a rally back up towards 30k before finally succumbing to our destiny of 80-85% drop into the 10-13k region.
May the odds ever be in your favor.
May the odds ever be in your favor.
Trade active
Still looking for ~28k to short again.Trade closed: target reached
Move down to 16k and move up to 28k completed. SPX has proven bullish according to its relationship with the 200D Moving Average.I see this as reason not to expect 10-13k BTC any longer. The S&P500 hasn't done this in any capitulation in the past. So unless this is a first of its kind, I don't anticipate anything cataclysmic.
See my latest BTC idea regarding adjusted bull market fractals if you'd like to see my forecast expectations. It'll likely push up higher to 32-50k and then find its way sideways/down for a while. I've TP'd 50% here at 28k, and another 25% will be TP'd at 50k, and the rest will be TP'd at anything 100k+ for giggles. See you there
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