Formerly, I noted that the level 843X has been opened due to spiking of lower levels. I expected the cycle to stretch a bit more before it returned to claim its trofé, but bitcoin is an impatient asset. It looks to me to be making a flat correction, these are very difficult to predict and takes traders off guard many times. I will place an order @ 8430, SL above 8600. Good luck. Target is 4321.
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I think this will trap all those that thinks it will go to 10 000 and beyond
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Bearish volume divergence building up...
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Approaching target
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Not hit 8436 yet. But it will. Just a matter of time. Then the interesting part is to see reaction. Hopefully a forceful rejection.
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This sideways movement is selling of coins to breakout-hopers
Trade geschlossen: Stop wurde erreicht
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Spiked above the level and triggered stop. A very expanding flat indeed. But lot of unseen targets below now so new short in pipeline.
I believe that millions are waiting for this rejection
UnknownUnicorn540299
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@mozartc, Oh, I thought millions were waiting for 10 000?? :)
UnknownUnicorn540299
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@viking83, last target i read in "cryptochat": "BTC 10 000 by Christmas" :D
mozartc
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@viking83, Millions of people are waiting for a correction, to enter.
plok
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Thanks for this, I'm watching out for this expanded flat as well.
Looking at the previous legs up, during the way up we had a correction and about 10 days after that bottomed we had a marginal new high After that there was a bigger correction.
UnknownUnicorn540299
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@plok, Yes, these "marginal" new highs are the ones that signals higher levels to come. Same goes for 8436. If it spikes significantly above that level, it will again signal higher levels to come.