Short

BTC Fractal Short

This is just for my own entertainment. We have support around 39,500, let's call it 40k. You can see support levels below that drawn up by Lux Algo.

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Also resistance at 67k-71k (all time high) if it spikes up to grab liquidity. It should be interesting to see what happens here.

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Not looking great for BTC. All fractals indicate a strong and fast drop. Let's see

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It is interesting to watch. Many bullish signs here, so wondering if this fractal has any chance of playing out. We'll have to wait and see.

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I think maybe a rejection down to trendline, but that's only around 50k or so. It's hard to see it going lower when it was showing maybe 40k for support. This could very well be a corrective wave as well, so maybe a bull trap. If we go above the 64500 or higher, I think we are going up. We of course need confirmation. Let's see

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So looks to be rejecting and could fill gaps down to descending trendline. If it really went lower as the fractal indicates, could go to trendline, so around 39-40k. We are still a long way from there. There is definitely cases on both sides. If really broke through, could go to 25k, but we'll have to wait and see, I don't think so, but who knows really. There is a lot of bullish action, so if it does make this drop, I would expect us to come back very strong with Stochastic RSI turning over potentially. Levels to watch are around 64500-65k for break of the W up and also look at monthly RSI. BTC is always interesting to watch, get your popcorn ready.

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FYI, I am in a BTC short from around 61, so down at the moment, but holding

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Still active

mapes2751

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mapes2751