Phenomenal run in BTC on the longer term time frames suggests we have gotten quite exhausted. Looking at the shorter term time frames, especially the 4 hr, indicates a confirmation of our view that BTC is rolling over.
Paper hands keeps realized profits in this event. No sense going through a 50% drawdown. Better off getting to the sidelines and waiting for the dust to settle.
If they get to their worst we could see 11k.
I know crypto children, I shouldn't say such things.
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