look at the bigger picture dont get stuck in triangles..they are useless !!
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everyone is waiting for the upcoming bull trap at 13-14 k to sell and buy back at lower price around 8k..well that happend last month with fake breakout nobody was expecting..so how is it a trap if everone know and wait to sell there ??
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TARGET SIR !!
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bottom is near..expecting a capitulation wick that could go as low as 6000-6300 in the next 6-8 hours..the bounce from that point will be the start of wave b that would take the price to hit MA 50 or the upper trend line around 12k..in the next 2-3 weeks..
Only if you take the contrarian view that whenever the majority think something the opposite will occur. Otherwise if everyone bets on a run up to x thousand it is surely an upward motor?
elshanti
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@barclayjames, yes as long as you are neutral and dont fall for the hype you are taking the contrarian view by default..its really important to filter out the noise around the top ideas with thousands of likes and views !!
Acel
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i was thinking the same thing you posted on that last comment. Probably everyone thinks they are smarter than the rest, the only "logical" explanation i could think of.