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If crypto cannot survive being a taxable asset, it doesn't deserve to exist. It's just another tradeable asset. It will end up subject to regulation to go truly mainstream.
...my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...
This idea is the result of study from multiple time frames. 10-chart, 3-day chart, and the 1-day above.
On the above daily chart price action recently broke through the 3-day / 50-day EMA (blue dotted line). That was significant. Why this obscure EMA? For a number of reasons, no. 1 most importantly to remove daily price action noise. no. 2, very few people study the 3-day chart and no. 3, historical speaking price action has bounced hard from this EMA once confirmed as support - look left. (And on that last point, if confirmed resistance it can takes months to reclaim it as support).
Although it might closely fit from time to time, it is not the 21-week EMA , which every man and his dog is currently watching. Hence the calls for $40-42k.
A buy from $43k is amazing if you can get it. I don’t expect a daily candle to close at this level, more likely a wick."
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