Always forward looking.
$BTC December PA looks to be a close approximation of the past 4 weeks of behavior on the weekly chart.
The late November markdowns repeated at the beginning of June.
In November the heavy markdowns were followed by a soft green candle, a hard red candle, then a strong green candle... similar to the past 3 weeks of price action we've seen from mid-June through early July.
Given key support levels around $17.5k and $13.5k lining up relatively closely to the percentage declines realized late December, early January.
The bearish price action is tied to the broader markets, there will be bear market rallies.
This looks interesting and worth keeping an eye on.
$BTC December PA looks to be a close approximation of the past 4 weeks of behavior on the weekly chart.
The late November markdowns repeated at the beginning of June.
In November the heavy markdowns were followed by a soft green candle, a hard red candle, then a strong green candle... similar to the past 3 weeks of price action we've seen from mid-June through early July.
Given key support levels around $17.5k and $13.5k lining up relatively closely to the percentage declines realized late December, early January.
The bearish price action is tied to the broader markets, there will be bear market rallies.
This looks interesting and worth keeping an eye on.
