We've seen a small spike up today. Stalled at top of Cloud. I see a healthy correction down to the 3550 area before taking off through the cloud, testing 3680 or so. On the downside....if 3550 fails....Look for secondary support around the 3480 Level. Currently feeling Bullish. And have been building longs since 3.5
The Bears need a close below 3495.50 to be taken seriously on BTC.
Whether we see a pump now, or after another dump, I see no scenario where BTC avoids the 3250 block before any meaningful Bullish Trend Change.
Working on an indicator.....Showing promise...Will be sure to keep you all apprised ;) Here's recent BTC action with it...
It's Important for BTC to hold 3678 IMO, otherwise I see us testing that breaker from Dec 17th. Even if BTC holds 3678, I'm only using Pumps for an opportunity to load to shorts.
Looks to me like there's a fractal in play here...What do you all think???
Should be interesting to see how the next week develops in #BTC If we break 6.8 k....7.1 should come fast. If we fail to....a revisit to 6.3 is likely! 6.1k would invalidate the C&H formation....