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Yes, and should be followed by cycle level correction.

Is cycle level correction like 20%-30%?

No, cycle level corrections are generally much deeper. Keep in mind that this will be BTCs first cycle level correction. Three steps forward, two steps back.

Does history show/reveal the imminence of the upcoming major wave correction? Isn't then time to begin to plan for some laddering out of btc for profit? Probably the dumbest question.. is it a good idea to stay in btc at all through the correction?

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