![Catching the wicks [BitMEX]](https://pbs.twimg.com/profile_images/1031853941896691712/jZmWq6fV_normal.jpg)
Nice analysis!
It's important to note that since $BTC broke 6.8k, the markets have switched from ranging to trending (bullish).
Trending Markets: Strong impulse moves, consolidation, followed by another impulse in the original direction. Retraces are relatively smaller and short-lived.pic.twitter.com/0a1T8qKOTT
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What about alts sir? Think that this is a posibility..or are we gonna go down even lower?pic.twitter.com/wTN2VHZC5g
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how long we gonna be trending for? 16.08?
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They're not "needed" per se, but think of a retrace as a refuel. Since price is governed by supply and demand, often times price will retrace to an area of high supply/demand to fill its tanks to continue the journey.
End of conversation
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Same, but gotta stay adherent to the character limit. Also, the text aesthetics change completely.
End of conversation
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Didn't we see a similar situation in April?
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Furthermore there is this nice volume increase which was different during the April rally.pic.twitter.com/6bhSus7p0p
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