On shorter time scales, BTC reversed at the PCZ of a bearish harmonic pattern and since showed some signs of a bearish diamond pattern. Alts dumped already, usually meaning that money is leaving the market. My position is neutral-short, with a potential price target of 20,000 in time. Take this post with a grain of salt. It's very uncommon for BTC to be such a large % over its 20 week SMA. If history is any indicator, btc should return to its support band, which is floating around 15,000. Use large time scales and be patient. Don't overleverage. My current leverage is 1.4x FYI.
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