A local bottom for BTC is in. We just had an impulsive move up from 53.200 to 55.200 + oscillators are showing bullish divergences on the 4h + MACD 4h just turned bullish + December is more often than not bullish + A lot of fear in the market. A relief rally to 59.460 up to 63.233 is highly probable.
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After the impulsive move up, we are forming a bullish flag. More upside soon is very likely. If we actually break to the upside, we have a new higher low and are starting to form a new (short term) bullish trend.