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Crypto Total Market Cap, $
Short

Crypto Market breaks parabola. Time for a dump

By Pumptruck2
Updated
The market has broken below its parabolic advance since the bottom in December. We will likely see a 50% retrace from highs or more. That will be the time to accumulate for rally which will break ATH on BTC
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In Profit now, Target $9000 for BTC re-entry and $190-220 for ETH to re-enter ALTS
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BTC should bounce till $11-11.2k here. Look to short there for $7-8.4k target
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Adding to shorts here at 10.6k. Stop 11k
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snapshot Seems like we have channel here. I will look to close out my shorts and go long on BTC and major Alts on the next retest of the bottom line. 4hr close above 11k Invalidates shorts.
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snapshot Btc has an new H&S so dump might be coming. I think the inverse H&S is invalid since right shoulder length is too long
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Maket Structure looks so much like 2018 its scary
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Market sentiment on Alt coins is absurd. People taking out loans to long XRP. We might be heading for a very deep correction
Trade closed manually
We got a 40% dump, Im out.
Bitcoin (Cryptocurrency)Chart PatternsCryptocurrencyEthereum (Cryptocurrency)Trend Analysis
Pumptruck2

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