TV,
BTC (M) with Gaussian Channel and 7 year support line.
Are we about to break higher or fall to new low? My money is on the downside, obviously.
In 2014, there was a test wick in Dec., then BTC faded into the GC only to bounce off the middle line and broke higher.
In 2018, there was a test wick in Dec., followed by a short rally. BTC hovered above the GC before falling towards the middle line again and taking off again.
In 2021, the test wicks were in Dec. and Jan. We have just touched the GC and tested the 7 year GC support line.
Are we about to fall below the 7 year GC line?
Are we about to test the GC middle line at $12,000?
I think the odds of seeing BTC at $12,000 is greater than BTC at $25,000.
Like/Comment. DYOR/NFA
-TNT
BTC (M) with Gaussian Channel and 7 year support line.
Are we about to break higher or fall to new low? My money is on the downside, obviously.
In 2014, there was a test wick in Dec., then BTC faded into the GC only to bounce off the middle line and broke higher.
In 2018, there was a test wick in Dec., followed by a short rally. BTC hovered above the GC before falling towards the middle line again and taking off again.
In 2021, the test wicks were in Dec. and Jan. We have just touched the GC and tested the 7 year GC support line.
Are we about to fall below the 7 year GC line?
Are we about to test the GC middle line at $12,000?
I think the odds of seeing BTC at $12,000 is greater than BTC at $25,000.
Like/Comment. DYOR/NFA
-TNT
