Guys, we have bad and good news.
This is an example of pure manipulation and down trend. Price is manipulated by bots and algo trading in such a way that the 5min moving average becomes the resistance. As soon as it hits 20 min moving average, it starts to dump again.
And now, for our long term scenario:
Just survive the current dip! Remember our short term scenario (3k possible) and the ultimate goal we posted yesterday. As soon as the weekly rsi gets oversold, we are pretty sure that within 6 months we will reach 50k.
This is just a reset of all indicators. It's almost like the 2013 pattern after Mt. Gox incident.
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