An Overly Optimistic Look at Bitcoin

Three possibilities,
1. I totally agree, the recent dump implies some larger correction may be taking place.
2. But it's for exactly that reason that i believe it may fake everyone out and have a very violent bounce in the next few hours.
3. Alternatively, we may flatten out and not see much price action while alts on the other hand either correct further or return to pumping.
FibonacciTrend Lines

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