After that; next stop $5k..
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$BTC 1D BBands + RSI
Lot of historical confluence to bet on a short term bounce (1-2 days) here.
-Outside the BBands
-RSI oversold
Although, the aforementioned means nothing if this is true capitulation. We've broken market structure, which was the final argument for the bulls.pic.twitter.com/SMykopWIzY
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at Feb low, everybody was hoping for 5.4k, at April for the 5.8k and now the CT target is 6k...I think we will get another great short squeeze + fomo buying = 1k green candle in the coming days
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IMO, there is better R:R to sit in small long atm and avg down if price drops further, than adding to short (or God please no, opening a new one). I imagine the perfect capitulation - 5k margin longs wiped out, shorts incr exponentially, media meltdown
End of conversation
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Also a bullish divergence on 6h and smaller tf
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