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Bitcoin Weakness, One More Sell-Off?
Let's face it, the volume isn't there. Retail buyers are broke, many die-hard crypto fans have been destroyed and the LUNA and FTX melt-downs absolutely killed sentiment and damaged the industry beyond any short-term repair.
Hash-rate is falling miners are going broke and bankrupt and retail credit card debt is at an all-time high.
I was looking for a pre-Christmas bull-trap, but we couldn't get the volume on the FOMC news of slowing tapering, nothing will do it now.
Big volume void between here and 10K...
Looking for that 9k-10K entry to at least sell the bounce and be gone...
Hash-rate is falling miners are going broke and bankrupt and retail credit card debt is at an all-time high.
I was looking for a pre-Christmas bull-trap, but we couldn't get the volume on the FOMC news of slowing tapering, nothing will do it now.
Big volume void between here and 10K...
Looking for that 9k-10K entry to at least sell the bounce and be gone...
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