The idea presents a way for Bitmex and Bitfinex to liquidate everybody prior to the start of the bull run. I imagine that the big drop will be something like what we saw a week or so ago when BTC hit 7100 for a split second then promptly crash landed leaving a long wick on almost all time frames. Initial target for the bounce from 6400 (possibly 6800) is 10.5k, although I think it would just be a pit stop on our way to 19k. Should the dashed white downward sloping line holds at 7080, then we would just go up. I don't think the powers that be will make things that easy however, and RSI is already starting to read overbought on the 4hr. Just an idea, be careful out there!
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Escape the triangle and retraced to hit the top of it, so I guess it's 7800 next!
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we had the dump (earlier than I expected) and a whole bunch of long positions got liquidated on margin trading exchanges. It looks like we've already found a bottom at 7000. Get ready for the pump, shorts are about to get rekt.