BTC: Not all doom and gloom

Summary - The Upside:

Despite the turmoil, BTC has been holding steady and respecting support lines very well.

If it can break and stay above 39k, a mini-run to mid 40's is possible - perhaps up to 47k.

What you're seeing on the chart:

1. Blue lines = Action/Reaction
2. Red Downtrend Pitchfork
3. Counter trend Pitchforks


The Downside:

BTC below 34k opens the door for a low in the low/mid 20s depending on timing because the bottom support is a sloped line (not shown on chart). For example, if it were to bottom today, the low would be about 23k. If it were to bottom say a month from now, the low would be about 25k.