I am soooo disappointed about the current BTC price action.
The chances of BTC going for a new ATH with the next move up are very low, in my opinion. These weakness patterns should not appear in an impulse wave to new ATHs.
I am expecting a drop to at least 39k, possibly 26k or even 19.4k.
Don't get me wrong, I am super bullish for the end of next year, but in the short term, this sucks ass...
As it looks right now, I will sell 20% of my physical BTC position around 56k. (I have never sold BTC before...)
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Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
Please consider leaving a comment, like or rehive, if this post entertained you or helped you see things differently...
Have a nice day :-)
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