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BTC - not convinced that we have capitulated

Here is another stab at BTC capitulation. Two scenarios, either no mercy drop or a bit prolonged one with more traps. Either way I am still expecting some more downside for now. After that sky is the limit.

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Food for thought, if this area becomes resistance, is going down fast.

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Here we see where we are. Todays weekly close is crucial!

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Strong rejection, next 12h are crucial for bulls, still bearish, going according to plan for now

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Still on track, we could and would be best if we retest the downtrend line which is right now at $7585 and then head back down... Trend is down until we turn

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Insane stop hunt yesterday but was expected although not that hugh to be frank. Still on point, we could break down in next 36h

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Sorry wasn't able to update, but plan is the same and still in SHORT.

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We could scam wick back to 7200 and crash right after. Careful.

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Shorts are low and longs are high, time to trap some longs? Indecision and people are scared to buy and scared to short. Pull the rug and down we go?

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This means that even if we pump 8350 could be a harsh reversal and down move is inevitable

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Added

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Survive this final capitulation drop and we start to enter the bull market

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Sorry for not updating

Turns out this was the bottom reversal, although I dont trust this to be THE bottom...

Here is current status, updates in the new thread

apeliquidation

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apeliquidation

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