Our main bet was that the price of bitcoin should have dropped sharply in the near future. We wrote about this back in early August.
In general, we also had a backup plan, which implied continued growth after confirmation of conditions.
At the moment, we believe that a downward short-term cycle has begun, which may subsequently lead to a decline in prices to the level of 8500 and below. Locally, we recommend looking for patterns of decline confirmation in the form of zigzags, triangles, and planes.
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