Notes

An interesting observation on a couple of charts that make me wonder if we'll spend a bit longer in the sub-$64k 'chop zone' and have another flush on the alts:

1) BTC.D has pushed through the 53.9% level on the weekly time frame. It was previously trying to break above that and kept getting rejected. 53.9% is a high vol level, and it has now bounced upwards from that level.

2) BTCUSD has a high vol level at $63.9k that the price has reacted to strongly multiple times, and looks like it may have rejected off that level again.

With the weekly close about to happen, it looks prime for the BTC price to go down, BTC.D to go up, and alts to go through another correction (and may last a couple of months).

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