M is for duMp

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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.

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ملاحظة

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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ملاحظة

Thank you all for your support and follows. If you feel like tipping please feel free:

Tip Jar addres - ETH 0x99897fC12601d596007f2779845faAF81C7b07F0

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ملاحظة

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!