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Follow the lines - the slow decline continues

This is no EW analysis but a simple peak ->peak line continuation. Taking a big step back, it's plain to see that BTC will trend lower overall. As for a reversal, it's too early to tell.

Note

I'd post another chart with 4h candles and maybe I will, but it just dove again after hitting the top line.

Note

If this slope continues, consider 8,000 being the max by mid-April.

chiznat

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chiznat