16th Of December, a BTC miracle
Bull:
BTC holding the yellow log curve which acts as immense support, I expect us to test the bottom of this log curve again (today or tomorrow).
Previously, a BTC breakout of this large RSI resistance led to a 70% price increase.
I predict that by the 16th of December we see the continuation of the bull market +/- 3-4 days.
Still creating Higher Lows on the larger timeframe.
3 valleys pattern plays out to support the inverse H&S (Weekly).
Bearish:
Evergrande defaulted (maybe already priced in).
RSI has broken an important floor, which typically results in a dump in BTCs recent history.
A symmetrical triangle, a continuation pattern is there on the 1&4 hr timeframe which would continue this bearish dump. Which would take us exactly back to the wick low. 42k
Best Case:
BTC ignores the Evergrande news, makes a V shape recovery as the SP500 has.
The inverse H&S on the weekly is met at roughly 67k by the 16th December, or start this move.
Worst Case:
We retest the Wicklow fail to hold and create new Lower lows on the high time frame, global markets dump.
Green log curve fails to bounce and we crash below the 38k level, from there it will be looking extremely bearish imo.
Not finical advice.
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