Oh yeah - might wanna keep an eye on gold as well. Could see a simultaneous BTC breakdown / Gold breakout, which would be cool for two reasons:
1) Gold almost always pulls back on equity selloffs before moving higher; almost never at the same time
2) All the volume into Gold is a tangible wealth transfer that will likely tie out almost directly to the offsetting BTC loss in market cap. Dont think I've ever seen something like this on such a large scale.
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Trying out a new method that I recently picked up. If I did it right/it has any basis of working consistently across classes, then this should work pretty accurately in about 5 mins...
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11:12 AM*
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Still very much expecting a violent stop-induced selloff sooner than later.
Im not going to try and pig-peg it to, say, now, but I would if I could.
What Im trying to say is don't not short it.
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might finally be done here.. hoping by the close its clearly heading down..
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plunge is still my expectation.. no new high coming imo.
Trade closed: target reached
If Bitcoin were not some ethereal, leveraged mythical creature, the 22k target would have hit at a much sooner date that aligns with basic common sense.
Just another reason to pick a different coin-horse for the future of global commerce. (Like Decentraland, or like any coin that isnt monitered nor taxed by the US Govt).
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