BTC might need another 1-2 days before a strong breakout. There’s still a bit of room before it hits the major short liquidation zone above. If Friday’s NFP data comes in better than expected, the scenario in the quoted tweet could play out… With this kind of liquidity distribution, the closer price gets to the liquidation zone, the more it favors the bulls!
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Update: At the close of the weekly chart, the MACD trend expectations were fulfilled. It is currently in a temporary death cross state, and the indicator has prompted a second top divergence! Are you panicking? With this level of top divergence, it’s completely understandable to call for a bear market.
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$ETH I suppose living in the new age of extremely obvious S/R flips etc. being the new profitable norm, this trade should work. I know the R/R is nothing special, but there's no other way to frame it imo. If invalidated, it's over for quite some time, all bullishness lost.
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