BITCOIN The Cyclical Bearish signal of the RSI*** ***
For this particular analysis on Bitcoin we are using the BTCUSDT symbol on the OKX exchange.
*** ***
The idea is on the 1D time-frame where Bitcoin ( BTCUSD ) is about to confirm or invalidate a very accurate signal provided by the RSI throughout the whole 2022.
As you see, the RSI is currently supported on a Higher Lows trend-line that started on the September 06 Low. Throughout the year, when the RSI broke below similar Higher Lows structures, Bitcoin's price dropped sharply. What is even more interesting is that the previous two RSI break-outs happened exactly 64 days since the previous one. This is the first difference from that (otherwise) very consistent pattern: Bitcoin is currently 5 days past that 64 day strike level (October 15).
This could be an early sign of a potential invalidation of this Cyclical pattern. I call it Cyclical because see how harmonically the Sine Waves guide the price action. But let's not draw the attention away from the RSI which is the key of this pattern. As long as it trades above the Higher Lows trend-line, the probabilities of invalidation get stronger. Perhaps for a pattern change a strike level can be used and this might be if the price closes above the 1D MA100 (green trend-line), which has been the Resistance since early April. If on the other hand, the RSI breaks below the Higher Lows trend-line, then the Cyclical Bearish pattern is confirmed and we should be expecting a considerably lower price.
For comparison purposes I have plotted the previous three sharp drops (grey, yellow and blue trend-lines) after the RSI break-down on the current price action. Pick your poison in that case. By the way, the LMACD indicator also gives an early sell warning on this Cyclical pattern and that is when the histogram attempts to get narrower. We have started such a sequence in the past 10 days.
So how useful do you think this RSI Cyclical pattern is? Do you think it will be confirmed for the 4th time in a row or invalidated above the 1D MA100 and practically establish the new Bull Cycle? Feel free to let me know in the comments section below!
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Bitcoinsignals
Bitcoin needs to make a decisionIf we ignore the spikes above 20k and under 19k, Bitcoin was almost still in the past month.
This type of price action is unusual considering its historic volatility and a break in one direction should happen sooner rather than later.
My bias remains bearish with a valid break under 19k confirming this outlook. In such a case I expect acceleration to the downside and 15k round figure could provide soft target for bears.
On the other hand, sustained buying above 20k could lead to a rise to 25k important resistance.
Bitcoin Idea and Signal |UpdateBitcoin vs Tether Forecast and Signal | BTCUSD / BTCUSDT
Bitcoin vs US Dollar
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✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
------------------------------
✅ Please write any advice or suggestions.
Dear friends request any cryptocurrency pair, currencies pair for forex, and any index you want to be analyzed, and ask any questions about chart analysis.
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BITCOIN The last stand for Bulls. Failure will be catastrophic!Bitcoin (BTCUSD) is getting at that point where, based on its previous two Cycles, will provide a decisive move in the next weeks, as presented to you on this 1W time-frame analysis. The three charts represent Bitcoin's three Bear Cycles: 2021/22, 2018/19 and 2014/15 as they appear from left to right.
The LMACD indicator (logarithmic MACD) is what makes most of the difference at this point we are at, as in the past three weeks, it histogram has broken above the 0.00 level for the first time since March. With the Bullish Cross also taking place in October and the red histogram ascending, all this is consistent with the phases of the past Bear Cycles right after their Bottom and right before a rally to the 1W MA50 (blue trend-line) took place.
The price hasn't yet broken above the 1W MA20 (orange trend-line) but the 1W MA50/100 Bearish Cross was formed last month and that was always past the Bottom of the previous Bear Cycles. As you see the 1W MA300 (red trend-line) was always the major Support during Bear Cycles.
Do you expect a strong rebound towards the 1W MA50 in the coming weeks as per this Cycle Comparison Analysis or a closing deep below the 1W MA300 will unleash catastrophic consequences? Feel free to let me know in the comments section below!
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BITCOIN: USD rejected on 2008 Resistance. Turning point for BTC?Following the CPI release this week, the 3rd straight month of decreasing numbers with potentially high implications on the USD, I thought it would be relevant to look at the U.S. Dollar Index (DXY) and how it's current state can affect Bitcoin (BTCUSD) relative to key turning points and correlations of the past.
** Bitcoin's Bull and Bear against the Dollar **
The chart on the top displays Bitcoin with the Green Channel being a Bull Phase, the Red Channel being a Bear Cycle and the Blue Rectangle predominantly an Accumulation Phase straight after the Bear Cycle where investors bought at a low price in preparation of the Bull Cycle.
The chart on the bottom displays the Dollar Index with the Green Channel being a Rally Phase, the Red Channel a Decline Phase and the Blue Rectangle sideways movement/ consolidation. What is perhaps more critical on this 14 year chart, is the Higher Highs trend-line that started during the 2008 Housing Crisis and where DXY has been so far rejected 4 times, including the most recent hit on the weekly (1W) candle of September 26 2022.
** The 2008 Housing Crisis trend-line **
This trend-line is where the Dollar Rallies historically ended. What followed was either a consolidation phase or a decline. And as you see (and I am sure you are well aware of), the Dollar is negatively correlated with Bitcoin, meaning that (typically) when the USD trends towards one direction, Bitcoin trends towards the opposite. This is quite evident on this comparison chart. Red phases on the DXY are typically the Final Parabolic Rallies on BTC's Bull Cycles while Green phases on the DXY take place during BTC's Bear Cycles.
** Are we at a turning point? **
This is exactly where we are at now. The DXY has been on its strongest multi-month rally of recent times (Green) while Bitcoin is having its traditional Bear Cycle. With the DXY hitting its 2008 Higher Highs trend-line, the probability of a reversal gets stronger. The last two times the 2008 trend-line got hit, Bitcoin ended a Bear Cycle (January 2015) and started a Final Parabolic Rally (January 2017). As a result the probability of Bitcoin making a Bear Cycle bottom here increases. It is more likely to see an Accumulation Phase (blue) next as the Dollar tends to consolidate after such Rallies end.
But what do you think? Will DXY stay below its 2008 Higher Highs trend-line and reverse, giving Bitcoin a bottom or it will break above it and invalidate this historic pattern, sending Bitcoin even lower and changing the narrative? Feel free to let me know in the comments section below!
P.S. Snapshot of the chart below, in case it doesn't show up proportionally on your browser:
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BITCOIN Today's CPI rebound may change the narrative.Bitcoin is rebounding massively on its September Support Zone following the CPI release despite a higher than expected reading. Being still lower than the previous month, the markets strong defense reaction on this Support level may change the bearish narrative of the past two months.
The immediate Resistance level is the 1D MA50 (blue trend-line) but the difference maker will be a break or rejection on the August 14 Lower Highs trend-line and the 20600 Symmetrical Resistance, which as we mentioned on last week's analysis shown below, has rejected the price 5 times in just over a month:
A break above this highly important Resistance Cluster, can set in motion bullish break-outs that can target the upper Fibonacci retracement levels one by one all the way towards the critical long-term 1D MA200 (orange trend-line) test. On the other hand a closing below the Support Zone, would probably be translated into a break below the 1W MA300, which has been holding since the June low. Below that level, 16000, 14000 even 12000 is possible before Bitcoin bottoms.
Which scenario do you think will prevail? Feel free to let me know in the comments section below!
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Bitcoin is waiting for a trigger. Break down looks imminentBitcoin remains grossly bearish and if you look at the price with a bullish bias, all you have to do is turn the chart upside down.
The price action in the past 3 months clearly suggests a continuation to the downside and all Bitcoin needs now is a trigger for the break of support.
Although FOMC minutes yesterday proved to be a non-event, today's CPI could be a different story.
After 3 months of consolidation, a break of support could lead to acceleration and a drop of 20-25% is very probable in such a case.
I remain bearish as long as the price is under 22k.
Bitcoin weekly ideaFrom the past few months we have been watching bitcoin, and the price is holding the support level of 18000 to 19000. This level is very important and is working as a strong support area. But for now the bulls are not able to push the price above 24000 which is acting as a resistance, BTC now hitting the support level of 18000 again and again and this might result in breaking of the support level and then reaching the price towards 12700 to 14000 range within few months.
BITCOIN 2021 RSI fractal points lowerAs Bitcoin (BTCUSD) is struggling to break above the Lower Highs trend-line that started after its November 2021 All Time High (ATH), the RSI on the 1D time-frame has been printing (since June) a sequence similar to that of mid-July - early-Nov 2021.
As you see with the candle comparisons (orange for 2021 and blue for 2022), even though the RSI patterns were fairly similar during their course, the candle patterns diverged halfway through as 2021 was an (aggressive) uptrend while post mid-June 2022 has been a consolidation so far.
Regardless of that and as Bitcoin is being rejected yet again on its ATH Lower Highs, does this mean we are on the verge of another sell-off? The RSI certainly points that way. Feel free to let me know in the comments section below!
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Bitcoin- Finally break down?For 4 months now, Bitcoin is staying above 19k support.
However, looking at these past months' price action we can see that, after the 25k peak the main crypto is pressing in this support and every rally is sold.
I'm bearish as long as the price is under the recent 20.500 high and I expect a break of this support and down continuation towards 15k
BITCOIN Break or fail on the November 2021 Resistance??This is Bitcoin (BTCUSD) on the 1D time-frame where we might be having perhaps the biggest development of the current Cycle. What do I mean by that? Well the 2021/22 Bear Cycle has been largely sustained 'thanks to' the Lower Highs trend-line that started on the November 10 2021 All Time High (ATH). The first major rejection it had was on the March 28 2022 Lower High, which happened to be also on the 1D MA200 (orange trend-line) and started the bearish leg of April-May-mid June, and the most reject minor rejection was on the September 13 Lower High which almost touched the trend-line.
As you see, the price touched that trend-line again on October 04, hitting the 1D MA50 (blue trend-line) in the process and after a marginal break on a candle wick above the trend-line on October 06, it pulled-back below it again. However the sideways trading of the past two days is putting BTC on the November 10 2021 trend-line again, adding more to that uncertainty of the trend.
What are you treating Bitcoin's persistence to trade around this trend-line as? Is it a break or a fail? So far it couldn't be more unclear indeed. Technically a decisive break can lead the price to the 1D MA200 for the first time since March 28 but that break alone would be one of the most critical steps of this Cycle towards starting the new Bull Phase. On the other hand a rejection has the June 18 Support Zone to test, which is also where the major Support trend-line of the 1W MA300 (red trend-line) is coming to.
So is Bitcoin breaking to the upside or failing here? Feel free to let me know in the comments section below!
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Bitcoin Crypto market update
Pakistan Time: 10:00 PM
Bitcoin support levels - 19,000 and 18,500 USD strong Support (is Ka Matlab yahan buyers hain)
Bitcoin resistance - 19,500 and 20,500 USD strong resistance (is Ka Matlab k yahan sell karney walay hain, sell hoga bitcoin)
Bitcoin per market depend karti hain tu ap ko update de di hai - is k according plan apko khud karna hai AB kiya karna hai apna funds k sath.
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Analysis -
US Unemployment rate figure released at 3.5%.
Previous figure was 3.7% and market was expecting 3.7%, this has caused Bitcoin to fell below 19,500$ level. We need to see where does the daily candle closes today, Weekend is almost here therefore there will be very less volume and market can be volatile
BITCOIN (BTC/USD): BEARISH POSITIONS BELLOW 20,470BITSTAMP:BTCUSD
Hello folks!!!,
This is my analysis brought to you after deeply analyzing the Crypto Currency BTC/USD from a technical, trend and fundamental perspective:
*Pivot Point : 20,470.00
*Stop Loss : 20,756.74
Take profit : 17,000.00
Entry Price : 19,975.94
Risk/Reward Ratio : 1 : 4.02
⭐If this post was useful to you, do not forget to like ❤️ and comment ✍️.
✅Fallow me to be up-to-date with all my posts and updates 🚀.
Good Vibes Only,
Yasser Tavarez.
BITCOIN Strong August Resistance cluster! Break or rejection?This is Bitcoin (BTCUSD) on the 4H time-frame as we are looking into the short-term price action on this particular analysis. As you see the price got rejected just below the Symmetrical Resistance that was first formed on the August 30 High. Since then we had another three (excluding the current) rejections or near rejections.
However, an even more important Resistance level that this, is the Lower Highs trend-line that started after the August 14 High. At the moment this is located exactly on the 0.382 Fibonacci retracement level, which is another important level as it supported from Aug 19 to 23.
So far the RSI on the 1D time-frame, hasn't hit the Resistance Zone that since July 19 has formed all major Highs, so there is some more room to grow. That is why I've plotted a potential Channel Up pattern (dotted lines) that fills up this void. As you see, there is high probability of trading within this pattern. A break below is a sell signal targeting the lower Support Zone (green).
A break above however will still be limited to the 1D MA100 (red trend-line) and the 0.5 Fibonacci level. Only a closing above the 0.5 Fib can be taken as a buy break-out signal and only on the short-term, towards the 0.618 Fib. We can only consider a longer term buy if the price closes above the 0.618 Fib and target the August High.
Do you agree with this short/ medium-term trading approach? Feel free to let me know in the comments section below!
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BITCOIN Can the Halvings time the Bottom?Those who follow our channels for long know that we are supporters of Halving approaches. Today we bring you such an approach that we've done in the past only this time is on its simplest version as we focus on one thing: purely Bitcoin's (BTCUSD) bottom.
As you see, we have drawn all past three Halvings plus the next one (around March 2024) and plotted on them the Fibonacci Time Zones. The time-frame is on the weekly (1W). There is no need to overextend the analysis so I will be as concise as possible. The bottom on each of the past two Cycles has been around the 0.618 Fibonacci level (green vertical line). On the current Halving Cycle, the 0.618 Fib was on the week of September 19. That exact day and Sep 21 were the lowest levels for Bitcoin since the June 18 Low.
If history repeats itself, then we should see a steady recovery, still within accumulation limits, and bullish break-out by early next year. For comparison purposes I display the price action of the past two Cycles from the 0.618 Fib to the next Halving and plot it on today's until Halving 4. They do diverge as they traded on different fundamentals (Feb - April 2019 were on the Libra news) but they both reveal that a break above the 1W MA50 (blue trend-line) would be the bullish break-out signal buyers look for.
So do you think that this Halving approach can time the bottom? If not where do you expect the bottom to be at? Feel free to let me know in the comments section below!
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BITCOIN, Formation to Indicate Bounce!Hello Community,
Welcome to this analysis about Bitcoin on the 4-Hour Timeframe Perspective. Bitcoin in recent times managed to hold above the preliminary crucial level of $18,500 which is now pointing out important support above which Bitcoin is moving on to form an inverse head-and-shoulder formation in which Bitcoin also already increased with volatility bounces indicating a final breakout above the neckline of the formation as shown in my chart is likely to emerge. Once this breakout has moved on this will be the origin for further continuation till the $21,000 level has been reached which will be a critical decision point because when Bitcoin has the potential to increase with high bullishness till this level is reached this will be a good movement from where Bitcoin can show up with the final breakout above the upper boundary of the channel which will lead to further continuations into this direction.
Thank you for your support and all the best!
Information provided is only educational and should not be used to take action in the markets.
BITCOIN Is it DECOUPLING from the stock market?Lately we see the stock market (for this analysis the S&P500 is used (blue trend-line)) falling sharply while at the same time Bitcoin (BTCUSD, orange trend-line) falls at a much lower rate or even at times remains stable (even increasing on some occasions). While this phenomenon might seem odd, especially in the eyes of people believing dogmatically that Bitcoin and the stock market are 100% correlated, it has occurred in the past and even a quick look can help us draw very useful conclusions.
On this 1W time-frame chart, I've displayed the times that the BTC - SPX decoupling has been notable. As you see, since December 2015 there have been three major and four minor occurrences where the S&P500 dropped sharply while Bitcoin remained stable and on some occasions even increased (October 2020, May 2019, late December 2018, early August 2017, October 2016). Two of them where on BTC Cycle Bottoms where a strong rally was starting. Another three was during BTC's parabolic rally phase. For obvious reasons (being a Black Swan event), I exclude the March 2020 COVID crash from the sample.
What do you think that the current divergence/ decorrelation may suggest for Bitcoin? Will it follow SPX sharply lower (if it continues to fall) or form a market bottom and start rising? Feel free to let me know in the comments section below!
P.S. You might find useful looking at the BTCUSD (orange) vs BTCUSD/SPX ratio (blue trend-line) below:
Also in case your browser distorts the lines placement, this is what the main chart of this analysis looks like:
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BITCOIN and VIX. Buy/ Sell signals based on the Volatility IndexThis two chart layout depicts Bitcoin (BTCUSD) at the top and the Volatility Index (VIX) at the bottom. A rather simple correlation analysis between the two assets. As you can immediately realize, VIX can give buy signals on BTC (green circles) when the price is High and sell signals (red circles) when it is low.
More specifically we see a clear Higher Lows trend-line and Resistance Zone on VIX. Since Bitcoin's November 2021 market High, every time VIX hit the Higher Lows trend-line, BTC started falling (some days variance), while every time it hit the Resistance Zone, BTC started rising (though rises are rather limited in strength during Bear Cycles). In total we've had 11 such signals since Nov 2021, and only one failed to deliver (May 02 2022).
Yesterday VIX gor rejected just below its Resistance Zone and posted a very strong red 1D candle. It remains to be seen if this very strong correlation will continue to hold and provide another excellent signal, at least on the short-term.
What do you think? Do you agree with this finding? Will the VIX rejection, indicating lower upcoming volatility, cause a rise on Bitcoin? Feel free to let me know in the comments section below!
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🔥The best places to buy and sell BITCOIN🧐💣🔰You can see Bitcoin analysis in 15 minutes time frame (BTCUSDT_ 15min)💣🔍
💥If the price can break the Support🧡 to the bottom and stabilize❗ below it, then it can have a fall to the DEMAND zone🔻
But if the price can break the Down trend line🖤 and stabilize❗ above it, it can experience an upward trend until the SUPPLY zone🚀🔺
which direction will the price go to the GREEN💚 side or the RED❤️ side❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
_________📈TRADER STREET📉__________
BITCOIN The scariest fractal right now.-------------------------------------------------------------------------------
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Yesterday's sudden reversal to Bitcoin's (BTCUSD) strong rise early in the day, just below the 1D MA50 (blue trend-line) was far from ideal as it closed the daily candle in red. That brings to memory the last time that happened and was the last signal before a massive sell-off.
That was on May 04 2022. As you see the price was again rejected just before hitting the 1D MA50, only a few days after it marginally broke above it (April 21) but again failed, just like on September 13. Following the May 04 rejection, the resulting sell-off initially dropped by -36% and by June 18 it completed a -63% fall from the March 28 Top. Such huge decreases have not been uncommon throughout this Bear Cycle (which has been trading within a Bearish Megaphone pattern) and especially since the November 10 All Time High, whose subsequent drop was around -52%.
I have replicated the January 22 - June 18 price action (blue) and pasted it on the post June 18 sequence. That fractal that hints to a -61% drop at around $10000. If it follows the Megaphone's first drop of -52%, then it would result to around $12000. Whatever happens, that is indeed a scary fractal, in fact the scariest projection that can be made on BTC right now. It may or may not happen. What matters is to be prepared for both and apply a strategy that utilizes the appropriate risk management.
But what's your view on this fractal? Do you think it is realistic? What are your targets for Bitcoin on a 1-2 month horizon? Feel free to let me know in the comments section below!
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BITCOIN The Blueprint to the next Cycle TopThis is Bitcoin (BTCUSD) on the 1W time-frame and displays a projection both in terms of pricing and timing of its next Cycle modelled out of the previous three using the following attributes:
* The Halvings.
* Fibonacci extensions from Cycle Top to Bottom to calculate the next Top.
* Top-to-Top-to-Bottom-Bottom-to-Halving stats and vice versa.
Basically this is an extension and combination of previous studies that we've published here on TradingView.
The features of the New Cycle based on the previous ones:
- There is a potential Bottom for the current Cycle around $11500 and this is based on a -83% decrease from the $69000 Top. The previous two Cycles made a Bottom at -83% and -86% from their respective Tops.
- This Bottom is expected to be on the week of November 07 2022 based on the Top-to-Bottom stat, calculated at 52 weeks (364 days). This is consistent with the previous two Cycles Top-to-Bottom stats at 52 weeks (364 days) and 59 weeks (413 days) respectively.
- The Bottom-to-Top range for the next Cycle is calculated at 152 bars/ weeks (1064 days), giving a potential Top on the week of October 06 2025. The previous two Cycles Bottom-to-Top stats have also been 152 weeks (1064 days), while the earlier one 110 weeks (770 days).
- That Top of the new Cycle , can potentially be around $200000, calculated on the 1.618 Fibonacci extension level of the previous Top and the next potential Bottom. The Top of the previous Cycle was a little over 1.618, while the Tops of the previous two Cycles were around the 2.383 Fib. Having lower tops, i.e. lower returns is consistent with the Theory of Diminishing Returns in time.
- The Halving-to-Top ranges at 83 weeks (581 days), while the Top-to-Top at 204 weeks (1428 days) projected after the previous two Cycles.
- The price on the date of the Halving can potentially be around $34500. That is calculate at -50% from the top, consistent with the previous three Cycles (-50%, -46% and -60% respectively).
- Also the Bottom-to-Bottom stat (calculated at 204 weeks/ 1428 days) gives an estimated Bottom to the next Cycle around the week of October 05 2026.
If I forget something, it is all on the chart for you to see and draw your own conclusions. As the title says this is a Blueprint of the next Cycle, a roadmap purely drawn on Bitcoin's historical data at hand. The reality can turn out to be quite different if the fundamentals weigh differently this time but in a market of constantly moving variables, this 'Blueprint' may be a good way to start and do your own research.
So how useful do you think this model is? Do you agree with the potential Bottom and Top levels? Feel free to let me know in the comments section below!
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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BITCOIN The S&P tests MA200. Crucial week ahead for BTC.Simple 1W chart. Every time the S&P500 index (SPX) hit and broke above or (nearly) bounced on its 1W MA200 (orange trend-line), Bitcoin has formed a bottom and started along with the S&P rally phases. This week the S&P500 will have an opportunity for such a test. Will it find Support and cause Bitcoin to bottom finally and rally? Or is this time different?
Feel free to let me know in the comments section below!
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** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoyed this idea! Also share your ideas and charts with the community down below! This is best way to keep it relevant and support me and allow the idea to reach as many people as possible. **
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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