I usually do not really chart BTC because it is frankly too unpredictable for me. But I was looking through the chart just now and I noticed this pattern. Also the last two dips, BTC bounced right of trendlines I had drawn for weeks already. So who knows, it might do this again and bounce right of the trendline around 8400, which is also an important fibonacci point. If this pattern holds, this could also mean that this is just wave A of a bigger ABC correction.
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So that is the reason why I don't do TA on BTC ;)
