deja vu

Friday December 11, 2020

While the positive headlines continued to roll with all the newbies joining the fray and old-hats piling in more, the crypto markets themselves took a breather after the gallant effort to crack the $20K nut came up short. $BTC peeled off the upper Bollinger band and is looking to test the lower band at $17,213 coinciding with the first dead cat bounce off 2017 ATHs. We can suspect further downside if it breaches this level, but with the overwhelming demand well eclipsing the supply and momentum indicators off their oversold levels, see risk to the upside. Having said, futures’ curves…