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#BTC Volatility Contraction Pattern – May 20 , 2023

1. Short term band turn on Red. Means the short term is changing, but the moving averages still pointing up, that can be read as the momentum still up. 2 Basically is consolidating or digesting previous gains. 3. Volume is down for last 3 days and price is not dropping considerably. 4. Holding gains from previous leg up. 5. Getting ready for next leg up 35k to 40k…

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