Giant CUP and Handle pattern can be forming in front of your eyes. Is this going to happen? It can. When? very soon within 4-5 months from now. Honestly we might not go down more then 37k. This is quite possible. Now seems to be a little different. We are very close to halving event. The plane can just leave the airfield soon and you will not be passenger if you will go with the crowd.
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I will be adding more to long after second leg of a drop to 39500-39750. I think it will happen to remove all untapped liq below 40K. After that Im expecting huge run to 46k to remove all shorters with 800 mln $ positions.
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This really can happen there is a lot liquidity above 40k. There is no reason to fall more right now in my opinion. We had 21% correction. The money is flowing in USDC the market will go higher to test 50k-56 soon. ETH will be then for 3300$.
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