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I think we are expecting a short to 32,000 then we may see another bull run to 40k
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mimiieella Mus0812
@Mus0812, Very much possible! see you at 40k!
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I think even 50,000 may come pretty quickly (not a prediction). I say so because of the effect of the news i.e. the average Joe or Jane will be affected and follow in. They don't know what's what, so they'll probably be thinking I better put $100 or whatever they think can afford to lose. That 'mass-effect' of a crowd trying to get a piece of the action, is what could all add up.

The chart has certainly gone exponential, in what seems to be a 4H ATR trend.

We saw temporary consolidations in that trend. This means it is superheated and in frenzy-mode.

We know this is gonna end in bad news for a majority. We just don't know when.
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Don't forget, all the traders whose last day at work was 24th December will be coming back to work with a very nice 50% profit staring at them. This might trigger the correction that everyone is talking about.
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mimiieella 7f8507b288c14a7586fe288029811d
@7f8507b288c14a7586fe288029811d, i mean very such possible l dont disagree but like i said on the chart, looking at chart analysis not the fundamentals, just going of what the candle sticks show/tell me and the fib levels. but very much possible we can see a small pullback to retest the support level at 1.618 with profit taking..but i think even so.. we will see it being bought back up VERY QUICKLY like we just seen with the 3k drop that just happened..

@Mus0812 commented something similar.. but yeah very such possible for another retest of the suppport.
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sorry this ain't totally related but I've just found out the the FCA has band retail crypto trading in UK as of January. made a nice bit of coin before Xmas too.what platform is best to trade.
+1 Reply
Nice analysis
+1 Reply
@fxpays, Thank you
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but piviot yearly is 35200.
Does it go through?
+1 Reply
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