Our " just when it must happen" rally above 7400 last Wednesday gives a bit more optimism for a breakout before Christmas.    A rally before Xmas would go a long ways towards renewing interest in BTC with retail  investors, which frankly is understandably flagging.  

Okay BTC has fallen out of bed, yet again, to the tune of down $500 on the fine Saturday leading me to suspect that the Wednesday rally might have been an over sold bounce.  We will see.

could you specify the term *Percent of halvening cycle low*? I don't quite get it on the first spot.

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> The only bad news is that many others out there likely are expecting that as well, and often in finance when everyone is expecting the same thing price wise, it usually doesn't happen.

If many others were expecting it to happen, then the price would be higher already. The fact that the price is trending down means there's more selling than buying, which tells me that the majority if the money is betting on it not happening again. By your opposite reasoning, that should be a good thing :-)

This patterns seems right on the money for what could happen next. Yet, there is still some unknowns stemming from China, which could potentially spell a more bearish market going into 2020. 

But I'm still confident that we've reached a new bottom now, and it'll start bouncing upwards soon. The next resistance point to break and hold steady is $7,800, followed by $8,200. There was a strong push from the $7,800 resistance, so we'll have to see how it goes soon.