Technical analysis by TheTraderAndy about Symbol BTC: Buy recommendation (12/8/2023)

TheTraderAndy

Most recent sell off is reminiscent of the FTX dump late 2022.. similar volume sell off/liquidation cascade... Almost every popular "trader" on twitter calling for lower prices, which could very well happen. I see two scenarios.. the fractal outlined on the chart where price chops sideways towards Q4 then spikes higher and finally breaks out of the multi year downtrend channel.. OR.. Scenario two: Price mean-reverts to fill the CME gap around 27-28k area, then nukes to fill the gap around 21-22k (also the golden pocket), before another leg up. Below:Trade active: Gap Filled above Positive news - SEC lost against greyscale.Comment: Following quite closely so farComment: o.OComment: Following the fractal quite closely.. Expecting 36k this yearComment: Wow, god candle on fake ETF news.. still on trackComment: Going greatTrade active: Still on track!!Trade active: Target reached on Bitcoin Futures (36,000) Almost there on Spot..Comment: 36,760$ will hit before any real correction in my opinionComment: Ok 45600 is the top - surely?