Well, according to my researchs on algorithmic mechanisms and the RSI multi collateral, I think this is a totally shitpost.
fjan
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It's not a coincidence. This entire pattern from May till now is called a compound fulcrum. It's a very bullish pattern and is usually seen in commodities like copper. I traded the faster paced compound fulcrum back in April as well, when everyone thought BTC would drop to 5k. I tweeted this exact similarity you noticed two weeks ago. I'm also bullish because of this.
twitter.com/CryptoCholera/status/1045223840635387904
AryanRehaan
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@fjan, you are gonna get so rekt dude. Compound fulcum shit
fjan
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@AryanRehaan, lol. I'm not getting rekt. Tethered at the moment. Waiting for a flash crash to 6150ish on binance. 6k on bitmex
To be it so, we would need a fast (volume powered) buy back. Check BBands, every time we had broken the lower line, we had such buy back. But not this time. Scary times ahead(((