@Memetocene just pointed out something very important on the chart that i completely overlooked - big thanks.
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we have confirmed a bearish death cross between the 55\200ema on the daily today.
here's a couple other times it happened ~
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so here's my take on this.
if you're taking longs - make sure you have a strategic exit plan. while the short term trend might be up, it could break at any given moment, and send bitcorn back into the depths. personally, i'm a short term trader; most of my trades are scalps, and i'm almost always sitting in cash.
ps. i do think we're going to at the minimum backtest the 200ema on the daily before the next big leg down - and i have a very valid count that takes us up there via my recent updates- and videos.
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the path 💸
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another alternative, in case market maker decide to just dump their bags this weekend ~
Bro wat if we r done with primary X wave and we are running Y wave
sasiyaa
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If hit 48k,49k good to exit?
TobiasCarderBraun49
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@sasiyahtha12, DYOR. If we change directions from bear to bull rejected at previous supports of 40k do you really think we're only going up 12%? Why would we be going up when the stock market is crashing?!
TobiasCarderBraun49
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@brauntoby49, we being btc
TobiasCarderBraun49
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@brauntoby49, bullish on xxxusd pairs, bearish on usdxxx pairs
TobiasCarderBraun49
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@brauntoby49, Stock broke boys are now exposed to crypto and know precisely what A V Shape Recovery Looks Like!!!🤣