🚨 URGENT! MUST READ.🚨
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🚨Will #Bitcoin continue to DUMP?🚨
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In this post, I'll share where can we expect a reversal and what are the levels right now.
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Before I start, I want to start by saying "Told you so", Read the quoted post below, and in this post here, you'll see people commenting awful things. Now that what I said happened and the technical target of the trade met, I feel pity for them. Don't call people names when you don't know basic TA.
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Let's start with the trade update:
I had given a Technical target of $63,876 in this post here, and we reached $63,802 (1st chart) so the target has been met. I have personally closed 80% of my trade here and will keep the remaining 20% with my SL at TP 2, $64,935
If the SL hits, then I'm out. I hope you guys made some good profits with this trade.
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When can we expect a recovery?
Right now, the daily oscillator has been reset, and we can very well see a recovery from here. The target of this correction has always been the 20 EMA for me, which has been tapped perfectly (2nd chart).
But on the other hand, #BTC still have a little bit of room left to go down on the oscillator, and we haven't actually seen a retest of the golden pocket, so going forward, we may see a dip to the 0.5 fib level sitting at $62,233 before continuing upwards.
If you were looking to get back into the market, this is a great time to DCA
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A few days ago, I posted a $BTC cheat sheet for you guys to follow, read here. And we have been following that very well. We're in the test phase (3rd chart) right now, and once it's done, we'll continue upwards, as you can see on my cheat sheet.
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Thanks for reading, stay safe
