At crossroads in December and some...
Using december 2021 highs and lows as a blueprint for mid-term prognosis and lots of liquidity present at ~48k a precarious balance has been established for now. Price action would favor bulls towards jan-feb if 50k scarezone could be overcome and held sufficiently. Historically well proven 42k supportzone would suggest somewhat arrested downward risk. In crypto and other markets, the participant sentiment is ultimately proven by price action. My hypothesis for the subsequent market high of 69k was attained by the growing influencer reach and tangible and proven usecases in the yet nascent technology, factors offering persistance and maintaned public interest onwards to 2022. I'm inclined to keep rising marketcap very likely until fundaments change in terms of marketplace or decisive regulation is put into effect. Although the latter has been giving tremors during the year, politics and financial interests are more likely to keep the profit opportunities more attractive ultimately. At the time of writing December 2021 the effective range for entering positions are 42k and 52k for longs and shorts respectively with some scalping opportunities following the retracement and channel patterns.
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