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We need to discuss the elephant in the room

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About that historic top in the 2017 cycle and incredible downfall afterwards. Oh, and we just popped right through that level this cycle? I think we are heading for a backtest of the ~$18-20k range in the next few weeks before we head higher again. Prepare yourself.
Note
Time to dust off this idea. I hoped 18k would happen earlier, but suppose that's where we are headed by the end of this year.
Note
Here we are, lets see if this holds. If not then 12K looks to be the next stop.

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