$BTC.X I firmly believe we are nearing the part of the cycle where after going sideways for 9 months many have been psychologically conditioned to believe there will always be another opportunity to position long, the sideways churn will never end, and dips will be plenty. Wave 4 pullback make sense to bottom here - shallower depth vs wave 2 (38.2% instead of 50%) and sharper angle (see uptrend pivot) - as buyers need to be gaining voracity in the battle vs sellers to initiate wave 5. This is the time when price tends to go nonstop vertical and leaves the majority behind and/or underweight and you are forced to chase higher uncomfortably if you want back on the train. Just my opinion though. I'm mentally prepared for all outcomes. Nothing would surprise me at this point.
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