Late night fractal idea, seems this correction has had a few of those. Noticed the big spike at 5:20 UTC on Friday 29th, following a W shaped pattern. Similar to a spike ar 10:45 on May 22nd. After said spike came 14 hours of sideways movement, ending in a -$7000 dip. Stochastic RSI and SQZMOM at similar positions in both cases at the times mentioned. Note the low volatility indicated by SQZMOM on both Saturdays (for now), which makes sense for crab movement. MACD similar as well but not included. Worth mentioning the 2 spikes happened on Saturday mornings.
Note
Well, looks like there was more volatility than I thought, it just kept close to the falling trendline.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.