$BTC 2020-DEC-01

𝗕𝗧𝗖 𝗢𝗡 𝗧𝗥𝗔𝗖𝗞 𝗙𝗢𝗥 𝗛𝗜𝗚𝗛𝗘𝗦𝗧 𝗠𝗢𝗡𝗧𝗛𝗟𝗬 𝗖𝗟𝗢𝗦𝗘𝗥 𝗘𝗩𝗘𝗥.

Everything is looking relatively strong for BTC right now. RSI has recovered from it's reset and the price is on track to close at both it's highest monthly & daily closes ever. We also pierced the high water mark today as well, though it looks like we will close below this point unless some serious bull volume shows up.

Overall, volume is weaker than we were seeing last week; but it's not too much of a concern. At a similar point in the 2013-2017 cycle, we saw a test of the previous ATH followed by a 15% retrace. History doesn't repeat - but it sure does rhyme!

What happened next? Price broke up +30% from the previous high...

#crypto