Combing through the reports, analytics, and commentary, one thing is clear - the Crypto Christmas rally is unlikely to be as spectacularas in previous years. We want it to be, but unfortunately, the economic setup is not in alignment with "the most wonderful time of the year." - Holding For Good News
Whenever we see data that shows the continuation of a downtrend, like all humans, we hope to be surprised by a reversal.
Instead, the Grinch showed up as Sam Bankman-Fried and managed to pillage investors' accounts and destabilize countless crypto exchanges and hedge funds.
Week 48 of 52
Looking at the weekly chart, the market is shy of OCT 2020 levels, where BTC ranged between $8K - $12K.
Right now, $15K must hold as support if any sort of rally is to form. If not, 2020 prices, here we come!
At that point, "buy the dip" is an understatement. More like "buy the ultimate fire sale."
This post is for paying subscribers only
Sign up now and upgrade your account to read the post and get access to the full library of posts for paying subscribers only.