M is for duMp
Updated
BTC not looking healthy. That upper and lower trend-line have created some very strong support but also crazy strong resistance in this price channel. I think BTC needs to confirm above 9.5-9.6k before we can move up again.
We can see very steep drop off of vol. We also know that M's are usually reversal patterns. Let's see where this takes us, I don't think this is a bear trap, I think this is a early warning sign that we will return to 8.4k this week.
We can see very steep drop off of vol. We also know that M's are usually reversal patterns. Let's see where this takes us, I don't think this is a bear trap, I think this is a early warning sign that we will return to 8.4k this week.
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Still expecting 8.4, but it may dump to 8k and follow the trend-line up from there.
Let's get it!
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She isn't done just yet.No buy vol found.Bears are looking pretty strong here.
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Yeah she isn't done. She wants that dip baby dip!
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