Resistances converge on daily cloud's bay

٢٣ ديسمبر ٢٠٢٢

This is a sequel of my previous idea.
If the BTC chart has one more leg down, it's unlikely it will trade above the thick, brack resistance line on higher timeframes.
(Trading thereabove means forming a bullish dragon that leads to a rather strong upside move.)
Many resistances converge around the daily cloud's bay (circled area). That's 17200-17700. Bullish momentum around this Christmath season, if any, will be tested there.