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$BONK
target zone ~2800
For the dips may expect hunt for liquidity under 2500
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I expected a dump (long buy tail on Monday open), but I certainly didn't expect such a dump over night. One thing I foreseen did happen - we have a new gap formed, and it overlays previous one. So that will be an inevitable target for revisit. The only question - when? This is #Bitcoin CME chart with Year VWAP bands indicator on. Price touched Y VAL on that dip and created new lower low. Month 20 SMA is around 42200 now, while week 20 SMA left far above at 64500. Dear and Greed Index at 26 (back to July pre-pump level). So without making any specific short term forecast, I can say that both 60k and 42k may be expected in Future. Japan stock market crashed over night. US market will open in ~6 hours and only God knows what will happen to it. Stay safe. Nearest liquidity pools: above - 54755 / 55390 / 57433 / 59855 below - 47500 / 46400 / 44300 / 41900 Lines on the chart: 🔸60650 - May open 🔸58218 - June low 🔸56537 - May low 🔸53329 - July low 🔸49027 - January high 🔸46210 - 2021 close 🔸42314 - 2023 close Trend: D 🔽 W ↘️ M ▶️ 🤑 F&G: 26 < 37 < 57 < 52 < 61 #BTC $BTC #marketcrash
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I think it will be a historical moment to load everything within nearest days 🔥 💡 Either $BTC close CME gap next week or, If BTC keeps on dumping during weekend, there will be another CME gap open on Monday (this time above), and BTC will close both gapes in one bullish bounce. One way or another, that is the dip to buy and HODL. #BTC #Bitcoin #BTC☀
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📉 #Bitcoin Daily 📈 Funny thing. I've been losing followers each time I posted warning about CME gap, and here we are, almost there. The moral of this story is that market doesn't care if you like it or not. It doesn't accept gaps. And that rule find reflection in all kind of gaps. Not necessary CME. It can be any long green or red Day candle. Those always get revisited in some time at least for the middle of their length. For example yesterday's dump. Long downclose candle with middle at 64300 - bounce to that zone is inevitable in future. The only question is how far $BTC price will drop lower before that bounce. As I wrote yesterday, I believe there is a high chance for Monday to open somewhere within CME gap range (58.5-60.5k). And that will be a starting point for consolidation before new bull run. So pull up your pants, market is about to reverse. One last blood bath and its done. Nearest liquidity pools: above - 62090 / 62780 / 64340 / 65836 below - 60283 / 59070 / 58190 Lines on #BTC chart: 🔸68215 - Week close 🔸65347 - Q2 VWAP 🔸64601 - July close 🔸62766 - June close 🔸60650 - May open 🔸58218 - June low 🔸56537 - May low Trend: D ▶️ W ▶️ M ▶️ 🤑 F&G: 37 < 57 < 52 < 61 < 67
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Are you scared? Well, just take a look at Day chart of $PEPE - its a bullish re-test of breakout level 😉 Possibly we will see it dip lower to ~900-940, but that is only in case BTC decide to close CME gap on that swing down. Otherwise and even taking this into account, everything under 0.00001 is for buying.
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And here is #Bitcoin CME chart - drawing made on July 16th, when I explained that even pull back to CME gap won't cancel chances for the next swing to pump higher 👍 So don't lose hope. I am still bullish for this Autumn 🔼 $BTC #BTC
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