This chart paitns a possibility of yes. Especially if we go into the grey zone of this fib channel.
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The only thing is isnt similar, is that price is a decent amount above 50 EMA Line. So what could happen is, we bounce of the 50 EMA, which is around $490 according to my estimate. And then price will go even lower!
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Ok so that bfx hack sort of made this come true faster than expected.