Most of the market are rather bearish in the last week or so, and crypto is certainly dropping like what we expected.
From beginning of December 2021, I have already been discussing the possibility of short on most of the crypto from a technical, price action point of view.
After my original idea of a short when price is on route to finish the ascending channel reversal, we indeed see the impulse phase down.
After, a consolidation correction form, and another impulse phase pushing down, breaking the previous lows.
What's likely to happen here is another consolidation that can confirm the downside move to the Next swing lows.
Be patient here as price is likely to correct, so don't enter unless confirmation is met.
Thank you
Dec.01.2021 Forecast/Analysis
DISCLAIMER: -My forecast and analysis are NOT financial Advice, you should not trade and invest solely on this information.
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