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@Anton__BTC

8 Tweets 13 reads Jan 08, 2022
If you are bullish #Bitcoin you want an ugly dump now. Without it, weekly bearish divergence from previous week might team up with a bearish divergence on monthly. These 2 together and I’ll start considering that blue 5 on top od the chart to be IN. Bear market would follow. #BTC
I’m not saying the dump is likely to happen. #Bitcoin could pump into the bearish divergence on monthly easily. There’s a chance to prevent it if #BTC dumps to the bottom of the channel or to the lower BB boundary. A wick deep below both, channel and BB would be nice. #BTCUSD
IF #BTCUSD drops below that red trendline, #BTC could actually dump low enough to prevent the bearish divergence on monthly (OCT candle).
If the red trendline turns to be a support, then the opposite could happen ($72k first, ugly dump second). #Bitcoin
Everybody and their dog barking about how bullish the new highest monthly close would be. Ignoring the fact, that it would draw bearish divergence on the monthly TF. That’s actionable data to me.
#BTCUSD drew a bearish divergence on M and W. Sometimes these take time to complete. Let’s just pray the EW count is wrong and 2013 fractal is to repeat, as @CryptoLyonnais has been tweeting for a while now, otherwise this could turn into a complete shitshow.
#Bitcoin #BTC
I wrote pray for a reason. Macroeconomic situation is different now as it was in 2013, full recovery after the 2008 crash. Volume is way different as it was in 2013. There were no institutions in it in 2013. Considering that, this volume is even worse. #BTC
This particular xyz EW count has been invalidated.
Update. Bearish divergence playing out on Weekly. If Monthly would play out as well this would get ugly. Truth is that bearish divergence didn’t play out in 2013. IMO, macroeconomic situation is different in 2021. Not semilog chart. #Bitcoin #BTC #BTCUSD

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