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To the question in your title, my Magic 8-Ball says:

It is decidedly so

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Most coins broke out of trend line today or yesterday. Gonna have to watch the market the next 2-4 days and re-draw lines.

Yap the markets should be turning around shortly!

that trend would be?

Wow you get a 1.19$ vote just for asking a question? I must be doing something wrong!