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RE: This is Why You Buy the Pullback of New Highs and Not the Breakout of New Highs (BTC Analysis)
What was the deal with the huge selloff this afternoon? Went from like 11k down to 9k in the span of an hour. Random? Planned?
Blow off top. That 10k was a psychological level so once it broke people are like "oh shit I gotta get this" which gives it that last kick on a move that was already overextended.
Coinbase went down at one point from all the traffic to its site.
BCH couple weekends ago made a similar move, went parabolic over a one hour span and then crashing down.