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TD9 BLX price study

Short
BNC:BLX   Bitcoin Liquid Index
Using TD9 for analysis, something that allowed me to see the 3k bottom, and expanding that as we move up this bullish movement toward 100k, one can look for the levels we previously established perfected 9s in previous bullish cycles and see there is a history of them presenting at mid term tops. We're currently printing a perfect 9 on BLX weekly, something that has been very reliable for TD9 studies, and if you look at previous cycles when the 9s start printing (which is always during the bullish move to top of range), you can see that they print in progression at very similar points in the cycle. The 1st cycle we did not see a 9 and the price action was a bit different in that there was a more distinct blow off top at that point in the cycle, but I suspect it was very close to printing and really should be considered a missing perfected 9.

At this point in previous cycles we saw some big shakeouts and usually a retracement of at least 40% but up to 55% counting just candle bodies. I suspect we will see something more similar to the last cycle in may 2017 where we saw a 40% pullback, however those 9s were more distinctly past previous ATH and 20k feels like it will hold strong, being previous ATH and such a strong psychological support. I suspect we may see a wick to 17k possibly and a violent rejection by support from that level, which will likely also coincide with the 200 daily EMA for BTCUSD.

Currently watching 30k range for possible reversal there.

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