Technical analysis by shelby3 about Symbol BTC: Buy recommendation (12/10/2021)

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.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. 😉😜🚀I see more downside.BTC shorts bottomed and increasing again.Stock markets have bearish gaps that need to be backfilled this week.Nasdaq / S&P 500 needs to come down more. That’s more risk off movement, which is short-term bearish for Bitcoin.Downside range is ~$42.5 – 45k. Upside is 50.2k before downside is invalidated.Exceeded the upside range. Looks like a W pattern breakout headed to $53 – 54k.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.BTCSHORTS headed back down again. Is it headed to a lower low or just a flag before heading higher?