Hello Friends !

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We currently are fading from the V-shaped recovery last night, and bulls must form a low of day this morning in order to remain in the daily equilibrium tightening pattern.
Patient bulls did a good job yesterday by not trying to jump in, or back in, with hourly still forming lower highs with resistance.
The bears currently still have the upper hand for potential further consolidation on the daily,
but we anticipate a fight as bulls did not give in yesterday.
If we get another tightening day today we will expect a break Wednesday or Thursday but we have to see a decent bounce on the hourly this morning.
Bears are comfortable as long as there is a wall of resistance at $8,200 and $8,290.
Lots of alt coins to play bearish with a break to lower lows on the daily. 

Hope this was helpful and informative peeps and do sign up to [Binance](https://www.binance.com/?ref=10323998) or [Huobi](https://goo.gl/7nfGCm) for trading/buying crypto & in [IC markets](https://icmarkets.com/?camp=20091) to trade crypto/usd pairs in MT4. Also consider using [BITMEX](https://www.bitmex.com/register/9VKUbO) and try your luck at 100x :)

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@blockdaily

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