Vic on Nostr: We didn't bounce, and instead plunged through as the plunge protection team is on ...

We didn't bounce, and instead plunged through as the plunge protection team is on holiday. Punched through the 200 Day Moving Average, to tentatively enter a traditional bear market indicator on the daily at nearly 21% down from the local top set when Bitcoin turned back to bullish in May. Assuming this continues below the 200 DMA (and there's no real catalyst to prevent it), I think this continues, and we'll get a death cross in the coming months.

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quoting
nevent1q…ap75

Continued patience on small buys until bouncing off support



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