If this is all distribution up at this level why wouldn't we push for accumulation at a lower range than the previous one? It wouldn't make much sense to do distribution at this level unless accumulation at a lower level than previous is in store for us.
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As long as we stay below local high of ~7275 this idea will be valid. So far so good.
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Bitfinex washing their tethers with bitcoin
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TA pretty much useless right now with all this tether scamming nonsense but here is my best attempt to rationalize it.
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Using speed fan in attempt to gain more clarity
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