BTC did move down as forecasted last week, going further than expected, but it failed to provide the bid. It has yet to show it’s turned the corner so I cannot rule out further downside from here. Although early, it appeared it may have turned last night, however it has been particularly weak this morning. If it breaks last weeks low around 55700, then we are likely going to see 49500-52000 area tested. I remain bullish and think we will have a strong December, so I will stick to my guns, forecast upside, and add to my trade should it fall further.