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If you look at a long term chart of the Dow, it recently tested the Obama years top. It also happens to be the middle trendline.
Coincidentally, if this is a bear flag, resistance would be right around the 200 ma, but the measurement of the breakdown would target around 13800, which would retest the 2007 top. I also would like to point out that the 2007 top has never been retested. Third, the 13.8k level would make a square channel from the 2009 bottom.
Not saying it will happen but math is a beautiful thing.
Oh. The recent Bitcoin low of around 4500 tested its weekly 250 ema, which is just now showing on the chart. However, the candle on that particular chart does not show it. You can verify it tested that level in intraday with Google.
If you have read this far, today is my birthday! Use that vote button liberally. Lol.
Thanks for coming by and good luck trading!
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