17d • Mark's Market Analysis
BTC MMA Friday Nov 21st
Been way way off on my analysis this week, which is fine, we're still positive in terms of profit, so being right isn't what counts - being consistent is. That said, BTC has fallen faster and harder than I could have thought, we're back in the hardly tested area of the 80s, only priced during Feb-April of this year, meaning the market won't really know what to do with these levels. So, 2 paths I see, next week sees consolidation (orange path) or we form a structure level today that can be broken next week for a rally higher. I'd lean towards consolidation, the 80k area hasn't had much historical bidding so the market will be uncertain, choppy, and bottoms take time to form.
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BTC MMA Friday Nov 21st
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