To me this looks more and more like a ABC correction for a move back to lows on BTC daily... I would expect a bounce there before continuing even lower..
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the volume line should actually go from the first drop to current price.. so I drew it wrong on the chart... from the first drop on Jan 9th... volume spiked.. to this current move up another spike but much lower.. so declining volume from the move down.. indicates this is a correction for a another move down.
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RIP
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