Intermediate retrace - hell, more like a slow-moving landslide crushing newbies in its wake. In charting terms, we round-tripped from the upper to the lower Bollinger Band. My longer timeframe indicator sets haven't given up the ghost, even though the point spread from near 60k down to here at 43 - 44k is impressive. We're going to have a few shakeouts like this as we advance, so I'm not going to change my upper target - unless my stuff flips to longer-term Bear. Hang in there...


Sometimes you've got to look away from price and realize why you're here. Nothing has changed this week except weak hands that provide nothing of value to the long term prospects for #Bitcoin have sold their coins to long term hodlers that don't plan to sell ever.

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