Presented without comment
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Here's a possible scenario in case we push a little bit lower ...
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Triangle is playing out. Watch for breakout at downside
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Triangle has played out with a swift drop into 5.9k, however bullish divergence is back on every timeframe, and shorts are rising parabolic. Can this downtrend continue for much longer?
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Seems like a pretty decent chance that the low of 5750 or so will hold. Divergence on the 1-hr, 4-hr, daily timescales cannot be ignored.
Still very choppy waters ahead but a good chance that this low will hold for a while.
Still very choppy waters ahead but a good chance that this low will hold for a while.
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Fantastic analysis & commentary in this video
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