BTC - Consolidation before the next move up?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
516 0 4
Both recent drops resulted in a multi-day consolidation period with another move UP. If this pattern repeats itself, we are likely to range here between $375-$400 for over a week before going back up. Daily close under the lower red line would invalidate this setup.
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