Is this the dip?

This is showing BTC/USCCPI that may give a somewhat clearer view on what's going on with all that money sloshing around.

Happy trading!

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Just gonign to complement this idea with the BLX/USCCPI. And leave 200ma and 100/50 ema on it.

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Threw some fibs on the non-log chart. Full retrace from oct'20 accomplished.

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Looks like support.

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Here we are at an interesting level again.