Idea for Bitcoin: - Wyckoff LPSY + Head and Shoulders, last Wyckoff model's penetration was prevented, but it made another, more familiar classic pattern. - Currently at "Return to normal" phase of a classic bubble pattern. - Aug 18 = 6+6+6.
Aug 18 = 6+6+6.
Can you explain I don't understand
ZenDegen
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Sometimes you have to factor in fundamentals too, in this case, they point to a move under 30k as being very unlikely now.
Only scenario where I could see this idea playing out is a wider crash in legacy markets, but i'd rather not bet on that, as it's a bet against the FED who have proven to us they won't let that happen.
shri30389
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@ZenDegen, Sept/Oct word on the street. If pushed back, then 2022. It's coming and Fed is running out of options and trust.
helpfulPear98930
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if that happens it's going to hurt.... a lot...
helpfulPear98930
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@helpfulPear98930, results came in: $3.4 BILLION worth of liquidations xD
Can you explain I don't understand