A closer look, as we approach some resistance and support areas.

Here is a closer view of the upcoming weather for today so we can track the movements on the fib and trend lines..Please look at the linked chart which shows the 1 hr time frame to this movement. The fib arc and rising fib line should draw us against the purple resistance and cause us to deflate down to the box area unless the bulls put together another pump and dump like the one shown from Monday. But notice the convergances of the fib lines and horizonal resistance..there are 3 x in the next while which shows me strength to push Bitcoin lower for the next 24.

Comment:

A third attempt on the purple downtrend and we are achieving compression with the red line. Some squeeze action should occur soon now..

Comment:

pressure has risen to the ceiling and we need a release..
either break the ceiling or pop out lower.