Looks like a little scare we just had to get any weak bulls to think we're going to repeat Friday....not falling for it myself, though it probably shouldn't go to 72,900 from here. We get a pop to 76k here and I'll lock in some profit by moving stop ...

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Might see a reaction at 77k that brings back close to 75k

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The thing is, almost all gaps do get filled eventually, but when is the question. Most gaps do get filled pretty quickly, and even fairly large gaps can get filled within a couple weeks. Its the really big gaps that can take much longer. Then you ...

Bitcoin (BTCUSD)

Gotta admire how creative the market/manipulators (im not sure myself) can be. Its amazing and funny if your not falling for it. So we did get a gap higher, but only by $1,300. Not a big gap, but still big enough to entice the gap traders to try to ...

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Wouldnt be surprised to see it come all the way back to 67-69k after that, actually kind of expecting that, but let's see if this even happens first. If it does come back to 67-69k, wont be a straight shot I dont think. Will need to go through some ...

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Another look from daily chart inverted

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This looks very possible to me after last night's analysis. Might be some profit taking around 76-78. Will take off that extra 1/4 size position I added there and let the rest run unless I see something that changes my mind.

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We in for a wild week? If so this broken trendline might come back into play.

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100%

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Not realistic to expect an exact repeat in reverse with all that said, but its interesting to me. And there is the famous saying, "history does not repeat itself, but it often rhymes". Lets see what happens

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Look at this. Notice where I am taking the points for extension from in these charts. Same structural spots. Want to catch the whole move target 87k All charts are inverted BTW in this. Sorry about that, Im weird

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After it broke the low it ran for another $5,000 Another $5,000 from the highs here puts us at 79k. Should be finding out very shortly if this is going to happen

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Doesn't this look familiar?? Both turned hard (but not THAT hard) off the low/high on a Friday. First chart is inverted. Yeah...wont be trying any shorts for a while i dont think.

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Why does it look bearish to you? Just curious. You might be right, just want to know why you think that

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All the sudden not looking so bearish anymore! Well it IS Saturday and this will probably be faded, but just thought it was funny. Just wanted to add, I dont have any order to go short yet. I dont generally like to put limit orders in. And catching ...

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So you are scaling in as it goes against you without using leverage and its been working for you. I used to know a trader that did that and he seemed to do pretty well with it to. I never preferred that approach, but if its working for you then keep ...

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Well now its Saturday afternoon, and bears have been trying to push this lower since CME close without much success. Could it be the bulls turn soon, or will we just watch paint dry until tomorrow afternoon? Paint drying is usually the higher ...

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Tend to agree with the sell orders above at this point. Might be a bumpy road for a while even if we have long term bottom in. Any ideas that it would be a strong move up without too many hiccups is probably fantasy, at least for now. Yesterday ...

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Nice call phelvyn!

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Probability is 100%. Haha, no just kidding. I can't tell you a probability, because I'm not sure how to even calculate that. It might continue down, hell I didn't think it would reject the high at 74k like it did yesterday, so what do I know. Just ...

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