BTC Fakeout Matching December 2021
Updated
We're currently seeing a very similar pattern to December 2021. We Saw a big wick followed by 17-20 downs of a downward pennant. In Dec. 2021 we saw a big pump that broke above the resistance (thin blue line) and then it continued to fall another 35% before it had a relief rally. Right now we just got the big pump to break resistance out of the downward pennant (thin blue line). Will we see it continue to push to $36,000 range? Or is this the same fakeout we saw in Dec. 2021?
Comment
It's playing out extremely close to December 2021. Beautiful!
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