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Similar to ETH you can see that when the longs/shorts go parabolic the price is normally due a large correction.
Trade on breakout and re test.
If it happens not when.
A range has been created, flip the range.
If trend line broken it will lead to a large fall
Target is the height of the first top. Classic support resistance flip.
I think BTC is on a knife edge. Others expect another move upwards. It all depends on BTC and ETH which are both super extended.
If this plays out BTC will have a sharp correction before another great long opportunity.
Just something to track the gaps
A lot bigger move than I was expect but we really need to correct here.
Looking for retrace to long.
I expect liquidity to be tested then a bullish move.
The new BTC move will be a big one,
heaven or hell?
Bullish breakout if old formation can be used as support.
This could be on the move upwards if it consolidates here, above the 0.618 fib.
Looks like there could be a decent bounce here.
Lets see if this is accumulation on BTC