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Yes, we are, unless bitcoin makes a lower low, which many think it will.

I don't think we are in accumulation phase yet... I think we are close to making new lowest low, most likely in next two or three months. There is too much difference in buy and sell orders for next accumulation phase to start yet.

I agree. The bounces are so weak still and always met with sell pressure. There hasn't really been any signs that this market is ready to start going up yet...