Tether spike hasn't had any real follow up. Still under the cloud on the daily. Still under the 200 EMA on the daily. Still under the longterm bear trendline . Bear market still in tact, however looks to be drawing to a close. Can't rule out reversal here but max pain is a necessity for max gain.
Targeting measured moves down to around 4.5k-5k where it meets double trendline support; horizontal support and fib support.
even more realistic scenario than all the other TAs im seeing on BTC this days
Blockshame
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Yes.... finally an idea like mine... cant see this ultra bullish TAs any more... poor ppl
MikeJoseph
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Although it's painful, this is the top scenario. +1
Poukitoun
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@MikeJoseph, I agree, BTC at 3K best long opportunity!!
Short_Money
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Respect
Rexcell
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nailed it.
Poukitoun
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If 6k breaks again, BTC will go straight to the 200WMA, which is even lower than your predictions, that is around 3k!
VaidoVeek
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Good morning!
We got a 4h candle close below the red line (curve support) and we got a movement downwards!
Currently, the price has stopped and bounced from EMA's at $6,560 but I think we might go more downwards to $6,500-$6,530.
Short-term bounce criteria: ...
All the best!
TechnoComanche
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#NOMoahPainPosSibble™? :thinking_face:
ReallyMe
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well, today we're at $ 3.4k So where is max pain really at? ;-)