WARNING! The BIGGEST BTC CRASH is so real for BITCOIN! U ready?!
This is on a weekly timeframe, no more 1h or 4h timeframes... This is the REAL DEAL. The low 29k zone is an area where lot of people get burned. Please be careful here with long positions my friends. While I think that there is some steam to go up from previously confirmed patterns, the huge XXXL Rising Wedge raises immense concerns... My opinion is that we will have one more leg up because the Falling Wedge #2 will confirm and this will create so much Euphoria but eventually massively dump, possibly even to new lows around the 13k area. Crypto will be declared DEAD before the real amazing BULL RUN begins. Be careful my amigos this may be so brutal like nothing you have ever witnessed in this space.
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The big picture remains, we are in a big rising wedge that will break down eventually. As I said, be careful with long positions as people get burned here easily. There is a good chance for a nice leg up, but the overall outlook remains grim and bearish!
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In my opinion, this may be a fast, strong, determined, parabolic and bullish move up to fool every typical trader on the planet into thinking that we are already in a bullmarket on path towards BTC 100k... Crypto will experience extreme FOMO, just for the markets to insanely dump on you. If and only if all Longs will be liquidated, then the real Bull rally can start. Max Pain my friend