Some repetitive patterns forming in POTBTC. If it does repeat, we could see 5000 satoshis.
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The BTC rally today has impacted altcoin prices. In situations like this, the market becomes very emotional and unpredictable. Naturally, most alts took a plunge. We need to wait for the market to settle before continuing our analysis.
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The BTC rally had POTBTC drop to the lower Kumo. Now we have some lateral movement as POTBTC attempts to find a strong support to launch itself from.
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Please note that the chart is in a daily time frame, so it could take a while for this to play out.