Just an update, looks like a bigger Head and shoulders pattern...

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fit50

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13/01/21

08:13

Post #: 50127124
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Originally posted by fit50: ↑

Give you my view in were I see this current BTC move playing out, and how DCC will react , of course DYOR !

https://www.tradingview.com/x/XEQRaIRy/

BTC seems to follow the 4 hr chart most of the time, take a look at the 200 EMA.

My guess is we will get 1 more flush down to the 28.5K level, bounce, consolidate and then off to the races !

DCC, we will see weak hands off load just like the order book is showing currently and may grind a little lower over the next week or so while BTC has the flush and starts to consolidate. That will then bring us up to the end of the month when the 4C ANN is released, that can go 1 of 2 ways !

1) Fantastic 4CC and DCC will play catchup

OR

2) 4C ANN is average and it will be day traders trading the volatility of BTC like it has over the past few months !

Its time leigh pulls the the rabbit out of his hat with this next 4C ANN as BTC cycle has another 12 - 18 months left in it, UNLESS the USA decide to turn the printers on full blast and print more paper stuff, then BTC may be a good hedge to the devaluing $ !

All in my own opinion !

Ps : A great opportunity to top up in DCC over the next week or 2 as weak hands can't stand the volatility and off load !

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Just an update, looks like a bigger Head and shoulders pattern may play out, if it does, expect low 20 K - GOLDEN POCKET ZONE !

I have my nets out ready to catch the dump, if this plays out !

https://www.tradingview.com/x/dVnnClIc/

LOL don't you just love crypto !

DCC Price at posting: 8.4¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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