Bitcoin market update
Deleted the green path, invalidated.
Blue path seems next, but the move down should have been a quick flush instead of this slow grind. Many longs were added again in that top range that still haven't puked yet, so it's still possible for us to get a flush and v-reverse, but time is the enemy of momentum here for bulls.
Yellow: If we lose gp without doing a speedy recovery, I don't see how 60k would hold. 54k is base case, maybe we can look for a reaction around 58k. It's possible that enough longs get squeezed by the time we get there.
Red: gut feeling says that the lows aren't in, but gut feeling has been wrong before so I'm not giving it too much power in my decision making for now. Just enough to not dismiss low 40s completely and keep an open mind.
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