Bitcoin
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BTCUSD - Elliott Correction to the Mean

1921
I know everyone's on the "BTC Moon Lambo" hype train right now, but reality shows a regression in Elliott Wave fashion.

Peaking out in a 16K hockey stick today, and I've seen people draw comparison to Amazon, Netflix -0.10% , Apple 0.28% , and whatever other stocks fit their mold, but the harsh reality is that Bitcoin 13.55% is MySpace, maybe even Friendster. They've kicked in the door in and sprinted into the room - but, first man in the room gets shot. Long term, this isn't going to last.

RSI is maxed out. Squeeze is peaked. Everything is primed for a rough crash. BTC 13.55% to drop down to the 11K range due to initial panic, a Bull Trap at 14K leads to a pull down to the long term support line at 10K.

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