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Digital Dynamo
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#Bitcoin
- Now using the red arrow to help hold support. Darth Maul might have been warning us but a couple of red candles isn't enough to panic yet. Supertrend still holding.
$BTC
#GrayscaleSUITrust
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Last cycle, we saw #BTC dominance drop briefly in November of the halving year, before one final surge by #BTC dominance in December/early January. Perhaps history is repeating? $BTC
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I think if BTC is not going to find some support here, we will most likely have a much larger rotation lower towards 85k, which would be basically 9/11 for most of the altcoins. The reason I was hoping for a quicker bounce is that the longer we stay inside the big volume, the more likelihood of fakeout and the bigger the chance to rotate lower. We are about to enter very illiquid period of the year so being more cautious is probably worth it, although if you look in the past lot of larger moves happened during the time when less people were paying attention. $BTC #BinanceAlphaAlert
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#Bitcoin sweeped new lows 3 times now. This time might be it. Take out that algo line and we can call it quit. $BTC still at 97K. Nothing unusual at all. Altcoins still much higher than a few months back. NFA DYOR
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Keeping it simple, just based on the Fib, if #Bitcoin $BTC loses $96,000, the next point of focus becomes $90,000 and $85,000. #BinanceAlphaAlert
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that only gave us a short term bounce on $ETH last night wave trend now completely oversold on 4 hour, historically an amazing place to buy today is what capitulation looks and feels like, and that is the best time to buy imo alts across the board are either in their wave 2 of 3 or wave 4 of 3.. the next wave up will shock many and you’ll wish you bought more #MarketPullback
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