$BTC.X that’s not a good sign this last bounce created a red candle with normal concentrated buy zone. But with a fairly long wick to the downside. Normally that would be bullish except for the fact it was rejected when hitting the previous green candle’s high. Kinda puts a bad taste in your mouth if you bought here already. Thinking this was creating a bullish cup and they where going in on its way up to the brim. However, it hit a previous candle’s high and was rejected. It’s now looking like a fake out. Cuz it’s going to drop from here. Sure it could the brim still but after that the volume will be very low so drop will come either way. Volume should always remind one of the fact that volume is the best indicator of interest at that level
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