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RE: BTC - Where do you think we are in the cycle?
Prices could easily hit $8,500 $8k or $7,500 and still do exactly what this chart is saying. This chart is very similar to a weekly chart of bitcoin, meaning we still could have a few more weeks of consolidation before we start moving up again... or we may not. Nothing is exact here. :)
The point is that we are consolidating right now, but this consolidation should be bought because are likely to go much higher when it is done. Whether it is done now, dips to $8k, or dips to $7k doesn't really matter... it won't invalidate the chart or pattern in any way.
$6k is really the only number I don't want to see broken from a technical perspective.
ok i just wanted to know where you stand we will be consolidating for almost another month and or less i think but we will not be breaking 7500
not a chance in hell and i hope im not eating my words later lmao
cheers nothing under 9k and if it happens it will not stay there for more than a day