Black Friday Sale BTC Report lol. So it's the Friday after Thanksgiving here in the US and BTC is on special pricing sale! There may be a small drop over the next few days but BTC is on the clearance rack. Get it while supplies last! I don't see why BTC would jump out of this zone right now. I really feel like it is coming down to the two reversal zones I have indicated on the chart. Also, we are close to the 78.6% zone so that would be just in time for Christmas! Thank you Bitcoin Santa!
So BTC did go up and retest. But then continued on down past the 50% zone. If you look to the left, there is good structure at this level. But I don't think BTC is done falling. Structure at 53k and 51k are places BTC can go down to without much struggle from current price. Daily LASS is oversold on both Red and Orange. Yellow is more or less in the middle of the range. No momentum on any of them though. H4 LASS has momentum on the Yellow and it looks pretty strong. But Orange is still coming down and red is tipping up just slightly from the oversold area. On the LASS chart based on KOT4X the 200 EMA is very close to current price at around 52k. As you can see on the Trading View chart based on Coinbase, the 200 EMA is significantly lower; around the 50k level. The DXY is closed now and has dropped significantly today. But that is not reflected in BTC's price. And BTC Dominance is still stuck in the low 40% levels. Unfortunately, this does not look healthy for BTC right now.
So BTC did go up and retest. But then continued on down past the 50% zone. If you look to the left, there is good structure at this level. But I don't think BTC is done falling. Structure at 53k and 51k are places BTC can go down to without much struggle from current price. Daily LASS is oversold on both Red and Orange. Yellow is more or less in the middle of the range. No momentum on any of them though. H4 LASS has momentum on the Yellow and it looks pretty strong. But Orange is still coming down and red is tipping up just slightly from the oversold area. On the LASS chart based on KOT4X the 200 EMA is very close to current price at around 52k. As you can see on the Trading View chart based on Coinbase, the 200 EMA is significantly lower; around the 50k level. The DXY is closed now and has dropped significantly today. But that is not reflected in BTC's price. And BTC Dominance is still stuck in the low 40% levels. Unfortunately, this does not look healthy for BTC right now.
