SO i was eying this since the former low of $42700, we didnt test the $40k then but impo, we will now, because of those 2 indicators RSI and STOCHASTICS on the 12H tf, i made a circle around the key points to show why i expect it to dump, 12H Stochastic are never wrong, they have a 9/10 hit-rate!, but we need more consolidation to let this bull-run last longer, its a healthy move, BUT be carefull with alts, best close them and enter lower again.
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always a great idea to set some 'wick-fishing' orders below $40k, it will be a V-shaped recovery 9/10
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12H STOCHASTICS are NEVER WRONG
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As we saw again, just before the move down, they always come for your SL first, and then break down again. Cliché but 100% fact
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this wick is most probably is SL-hunt, lets hope for a healthy breakdown so this bull-run lasts longer
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CLOSE AT BE