W and wedge pattern bullish reversal bottom?

10 Dis 2021

Possible bottom with a W pattern reversal and wedge breakout back to the ~$55k level of the breakdown point of this flash crash. C.f. also all the updates on my prior idea which is linked below this idea.

10 Dis 2021

Nota

Dao Khanh, {12/10/21 7:37 AM}
ADA and DOT both are still my favourite.

Shelby Moore, {12/10/21 7:47 AM}
{In reply to Dao Khanh}
Until I release my altcoin. 😉😜🚀

12 Dis 2021

Nota

I see more downside.

12 Dis 2021

Nota

BTC shorts bottomed and increasing again.



Stock markets have bearish gaps that need to be backfilled this week.

12 Dis 2021

Nota

Nasdaq / S&P 500 needs to come down more. That’s more risk off movement, which is short-term bearish for Bitcoin.

12 Dis 2021

Nota

Downside range is ~$42.5 – $45k. Upside is $50.2k before downside is invalidated.

12 Dis 2021

Nota

Exceeded the upside range. Looks like a W pattern breakout headed to $53 – 54k.

12 Dis 2021

Nota

Unclear if backtesting the posited top of W which has numerous possible necklines or if need backtest the huge wedge, which projects up to $58k. In any case, I no longer think there will be a drop below 48K again.

13 Dis 2021

Nota

BTCSHORTS headed back down again. Is it headed to a lower low or just a flag before heading higher?