$BTC ($66.2K and its importance)

22 nov 2021

Friends, this is honestly a chart I am archiving for myself. I am posting it here for you to get inside of my head for a bit (scary thing, lol). But I am still awaiting our corrective low to come in. If 55.6K is a double bottom low, then we should begin to see movement north soon. If not, then a lower low is still in the cards. That low would need to stay over 52.8K, or I will definitely be calling 69K the top. The issue for us now is to determine the counts, and we cant do that until we have confirmation that we have a local bottom. I am highlighting the lower Fib with a Bold red line. If we can manage a daily close, my conviction would be the low is in. Regardless the structure, the counts, and the ceiling of 66.2K are my focus. If BTC wants to make another ATH, then that is the wall the Bulls must break. Even if it did break I would still stick to my low to mid 70K's as the final push higher comes in. That is all for now. :)