Bitcoin

RACEACEACE #BITCOIN STAY FLAT

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6410 is hard resistance. A close below it on a large t.f (daily/weekly) will most likely chase a bearish S/R flip and give more fuel to the bears. It is NOT a good idea to enter a short below the range of 6410 and 6340. In my opinion that is the best place to short if there is a rejection of 6410 (confirmed resistance). A move above 6410 = 6825 potential but may not go all the way as it may just wick out shorts, reject, and come down (very likely). Confirmed resistance at 6410 (a violent rejection preferred, I.e big pump turned into a wick), would send it down to 5995 support. The price has already moved within a 800+ point range below 6410. It’s best to stay flat now and take a break from the screen. In my opinion, every two months, the price will most likely continue to make lower highs until people finally catch on to the scheme and then dump to the toilet price nobody thinks is going to happen: $800. Once halving is a confirmed dud, the poop will fall. That’s my opinion and I am entitled to it, but I will play the market long and short the way I want and when I want.

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