I'm adding this to my *MADMAN* series because it's too early to call. If confirmed though, I see a pattern similar to this happening...GOOD LUCK!
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BTC is coming out more bullish than expected by making it past the first resistance mark. It did it's normal thing by ignoring a bearish rising wedge by breaking up. We are now exiting a Bull Flag position, so I see It possibly going down from this 13k hit (as BTC tends to do opposite of these patterns) and bounce around 11k if we're to remain bullish at this time.
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It looks like we could be going for a ride down. We still have a good possibility of double bottoming at the called spot. Don't panic, even though this was a good example of a dead cat bounce, we are still bullish. I see an absolute floor around 8k if we don't double bottom at our target.
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We still remain bullish from the early call spot. Even though the pattern above is not holding, we are still in a bull trend.
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