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What’s happening with Ariana?
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"Sell in May go away" effect in force.
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The 50-day trend line has been broken. It means the upward trend enters in a less steep phase, driven by lower momentum. It may mean that a sideways pattern will form with narrowing volatility leading to another breakout (upward?). Moving averages slope imply upward continuation.
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The last month was slightly below average. Expected return: +13.5% Actual return: +11.2%
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Note $BTC correction from $112k to $103k rolled on regular volatility. Falling within the "normal" fluctuations reveals the bull trend has more likely stepped into a lower momentum (high momentum is unsustainable) rather than finished. Don't get excited yet, bears.
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