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It looks like 2016, but this time it seems to be happening faster.
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✅ Recent market crush triggers massive long liquidations. 👉 “The recent $BTC price plunge has been devastating for long position holders. As you can see above, the size of the long liquidation is by far the largest for the last year.”
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🚨🚨 Key Events This Week 🚨 🚨 1. Fed Chair Powell Testifies - Tuesday 2. OPEC Monthly Report - Wednesday 3. June CPI Inflation data - Thursday 4. June PPI Inflation data - Friday 5. Michigan Consumer Sentiment data - Friday 6. Total of 9 Fed speaker events this week.
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#Altcoins TOTAL2 is currently sitting on the montly EMA10 line. In every bull market before (2016/2017 and 2020/2021), this was the most important line that had to hold.🚨✅ I smell opportunities.🔥
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For many, this looks like the end, but Altcoins are only in corrective wave 2. Take a look at 2020/2021 for comparison. Wave 3 is the strongest and is still to come imo. It's a simple elliot wave theory. I wouldn't sell my coins cheaply here.
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Almost every time $BTC has reached the lower band in the Bollinger Bands, we've seen a strong bounce (even in the bear market). The lower band has now been touched again.
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