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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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.