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My mistake there to be frank I was looking at a higher TF and the hourly volume candle wasnt visible at all there. It may have increased short term volatility, but the move down would have happened with or without the news imo, therefore I wouldn't call it the "cause" of the drop
And that's exactly what I've said in my tweet.... That the chart was signaling a retrace, but the magnitude and velocity of the retrace was increased by the news.
Retest of supply zone-->tether news-->mini soros candle.https://twitter.com/RipplerJack/status/1121855874295709696 …
I guess just the way you stated it made it seem like the news took precedence over the technicals, and I disagree with that. It may have been a catalyst, but I don't think the outcome would have necessarily been the same if we were above support as opposed to under resistance.
If we barted up, then barting down is natural. BUT there were 2 majors supports below 5400 before 4900. those supports were instantly broken without a minute of test. If you know charts, you know @HsakaTrades is correct.
I watch the mex order book and saw On April 3rd, 22nd, and the 25th. There was one 10million xbt order driving the price, as it got eaten up it was removed and replaced repetitively.pic.twitter.com/jIBO64L0Ka
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