On the chart, we see that monthly has provided some support. However, just like the upward (thick green), it's not necessarily unbreakable. Before a bottom reversal pattern is developed on a longer time frame, it's prudent to consider a range of scenarios:
The best being an inversed . However, it's still my belief that BTC will hit 14k and then continue crashing (lower highs & lower lows). This would lead to the worst-case scenarios as on the chart.
I must admit that I've been waiting for today's pump to sell but sold earlier because I don't want to carry BCH into 1/1 when more exchanges may release BCH to their customers.
Also check out my website: http://www.jlteng.com
Btw , on the BCHBTC chart (see link below) the second hump on the line I drew is intentional.
My new post on crypto market: https://www.jlteng.com/economy-business/cryptocurrency/price-movements-on-crypto-exchanges/