Afteran upmove into the , the trend has stalled, and we stalled again giving us a at demand. We have multiple reversal patterns at the top of the range, showing us graphically where the bears were going to step in.
There is a possibly in play, with the PRZ#1 and expiry some distance away, so we won't see them until the future, however, the bears might start putting pressure to the downside towards these levels. Will update in the future.
Best of luck
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Look at December 12th's range...I think the big picture has a larger uptrend with accumulation and usual shakeouts and other maneuvers to stop futures traders out.
BTC is acting well in the daily and weekly. This retracement was caused by a futures contract expiration, there's an exchange that engages in multiple shady practices, causing sudden movements with no followthrough.
I'll update my forecast soon, I don't think it'll fall like you describe Tom.