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alphamindset

DROP or Pop? You tell me... Looking at the 21day chart.

Bitcoin (BITSTAMP:BTCUSD)  
alphamindset Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Wave Analysis BTCUSD CME futuresbtc BTC
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trendanalysis chartpattern waveanalysis btcusd cme futuresbtc btc
Previous support has been broken (see the pink dotted line). CME Futures Gap (from previous chart) looks like it's providing pressure - from where we are now it appears that the impetus is to move towards the S1 Level. That's it from me today.
Comment:
Don't think for one moment that I'm bearish on BTC (I'm Bullish) - the caveat - I'm a trader so I will find my way to prosper within the market dynamics where I can.
Comment:
That hammer's level that signaled a move up as support has now become resistance. We have 4 more days until the 21day candle close (depending where you live). Too my eyes it closely resembles a fractal (close to the candle I've marked as the base of the pole of the flag).
Comment:
The S1 Level has not been broken (obviously) I'm just pointing it out. Pull the chart to the right to see that thing I'm calling a fractal near the base of the flag pole.
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