A very real possibility if it continues its bearish decline.
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A break out from channel, expect back test for confimation. Could break out and rum for upper channel, could close back inside and continue down or could just slide down top of upper channel line until 8900 area then break. A move above 9500 would be bullish sign and one could go long there for run to upper channel and stops just below. A close back inside channel and below 8900 and one could go short with targets of lower green channel.
@STEVE.elliott, The correlation you show between BTC nad the dot com in that link is pretty remarkable, Im really interested in following that going forward to see how it plays out.
steve.elliott
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@jmil, Thanks - Its pretty impressive when you look at it and I find it difficult to convince myself that it will buck the trend now. Let's see how it progresses from here. I'll post any updates I have on that link if you want to follow. Cheers.
jmil
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@STEVE.elliott, Yeah please do, it is really impressive so far and I agree. Id like to see if the bottoming process stays in range,
eddiesmoothence
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@STEVE.elliott, Thanks for the link. Sound analysis