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$BTC update

We got the 3-month reversal - momo-up reversal - which now puts the 24825 pivot in play.

The multiple outside bars have caught a lot of traders offside.

This is when zooming out to a higher timeframe helps see the forest through the trees.

On the 12-month - $BTC is clearly trading inside year and it's very unlikely we break that range.

Tactically, this still means that on a risk-adjusted basis, it's still best to sell rips and buy dips.

If you're a longer-term trader/investor then keep some gun powder dry, don't chase as you will have opportunities to buy $BTC at cheaper prices.

2c
ProfessionalCrastination 2y ago

Look at this guy go 💪

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