A full 4-hour candle closing in the cloud would indicate significant strength towards the return of the Bull Market.
Further retracement to the $8k level (staying below the cloud) would signal pretty strongly to me that we may not have seen the last of the downtrend and that the recent run up from the $6k level on the 6th is a Bull Trap.
Agree? Disagree?? Please reply and let me know your thoughts. Exciting times!!
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$8500 and below $8k are both still in the cards for the near future - the cloud is saying the latter is much more likely though.