( PLEASE SEE RELATED POST LINKED BELOW FOR CONTEXT)
On November 26th, I gave two possible scenarios for BTC bottom to play out by mid-December. Either 47-48k ( red line) or 43-44k (blue line) would be bottom considering previous supports.
They both hit. BTC wicked slightly below 44k but closed its 1 hour over 47. This happened faster than I expected due to cascading liquidations. And due to this abrupt crash, we could very well test those lows in the form of wicks or candle closes a few more times over the next few weeks. However, my up only prediciton from those level stands.
Good luck!
On November 26th, I gave two possible scenarios for BTC bottom to play out by mid-December. Either 47-48k ( red line) or 43-44k (blue line) would be bottom considering previous supports.
They both hit. BTC wicked slightly below 44k but closed its 1 hour over 47. This happened faster than I expected due to cascading liquidations. And due to this abrupt crash, we could very well test those lows in the form of wicks or candle closes a few more times over the next few weeks. However, my up only prediciton from those level stands.
Good luck!
