so heres the problem, if we cant get a break above the line- then we have a head and shoulders, and what i thought was an impulsive move to the upside could in fact be an A-B-C corrective move off of the first high, Stop loss is the way to go here, because if its a-b-c, then it could sink all the way back to the boittom before another move up . on a knife edge here, so protect your gains
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if it makes a lower low then its a done deal imo
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not looking good, because now we have a micro fractal of the macro top
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so if we break down now, then its probably headed there, somewhere between rock bottom, and the bottom of the bB wave
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the good news is, if this does turn out to be the count, after the lows, we can go all the way up there, so its not all doom and gloom
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shit or bust time I think, it either makes a higher low and a new 5 wave up OR, it breaks down at the top of the 1 wave and dumps
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defo cant go below the neck line of the H&S, if it falls below that its doomed, cos it'll come back up and support will have flipped to resistance
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anything below that, and im shorting the arse out of it.
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could be it, looks like the 1-2 of 5 down could be in now
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and i think this is the why, lunc has been making these moves up on a bBTC pull back, but as you can see, bullish divs have been racking up on this for a while, so i think this and other alts will break up now, and send lunc back to the kows
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and lunc is doing the opposite, racking up beaerish divs on higher prices, so they look opposed to my eyes
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careful if you're tempted
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sriike that last update, i though the 5 of 1 was in but its only just started so a bit higher
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just sold everything, this looks all kinds of bad
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best I got, but USD is showing no signs of stopping any time soon, so who knows, it ca seemingly keep going up on infinite bearshsh divs
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I'm not betting against that,
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wave 5's are generally the most parabolic/fast if this is the count, then everything's going to the basement
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gold, silver, stocks, crypto, all dumping today , so im out, nothings going anywhere until the usd has a blow off top, then we can think about going up again, but it could literally be btc under a dollar by then
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bought that, im not touching anything else cos short squeeze on usd denominated debt, i think almost everything else goes to the floor on a parabolic dollar move up to silly prices,
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could still be this count, didnt really go low enough to be a full correction so may be a sell there somewhere.