Bitcoin is up $295 today and that’s technically a victory but earlier in the day it rose above $50,000 before giving nearly all of it back. It was last trading just above $48,000.The daily chart isn’t promising. I looked at recent episodes where there have been large drawdowns

The AUDUSD will be snapping a 5-week down streak. Since peaking on October 28 at 0.7555, the price has moved down to a low last Friday at 0.6992. That move was good enough for 563 pips from high to low. 
This week, the low was on Monday just above that last w