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$BTC
You know what a Monday open dump or pump means by now: it leaves behind a bad Monday high (or low).
We can see from the statistics that - just like last week but when with the pump - the current weekly high is a bad weekly high.
- 89% of weeks form their P1 later
- 91% of weekly P1s have a bigger wick
Given the dump is into range discount areas, that makes for a very interesting play to take out the weekly high.
As always, I'm going to give the market 1 or 2 more days to gather some data and see from there.