#BTCUPDATE - 12.5.21
#BTCUPDATE - 12.5.21
Following yesterdays analysis pretty closely, as expected a challenge at around the 57.5k region, interestingly if we stay above 56.5k (in this upward trendline then it puts us back in an ascending wedge. Losing it puts us in an downward channel which will likely lead to a big pump - so to benefit us long term we ideally want to see a little bit of a drop here - other wise it can lead to quite a heavy dump. if it breaks down on this larges scale ascending wedge.
I am still sticking to yesterday predictions and expecting to see a little bit of downward movement today to about 55.3k and within the channel although nothing aggressive.
Following yesterdays analysis pretty closely, as expected a challenge at around the 57.5k region, interestingly if we stay above 56.5k (in this upward trendline then it puts us back in an ascending wedge. Losing it puts us in an downward channel which will likely lead to a big pump - so to benefit us long term we ideally want to see a little bit of a drop here - other wise it can lead to quite a heavy dump. if it breaks down on this larges scale ascending wedge.
I am still sticking to yesterday predictions and expecting to see a little bit of downward movement today to about 55.3k and within the channel although nothing aggressive.
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