mortonpeak

moving upward support area

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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FOR YOUR EDUCATIONAL BENEFIT ONLY:

do I think it will drop below the yellow, above? No

Plenty of buyer action at the yellow lower line. Bears can't drop below. Might have to let it rise

Bears can get into the 8K area right now, but it won't last, the yearly trend is demonstrated and sticking to it

whales doing us the favor of keeping us in the market, but it's going to require buy-ins around 8k

won't be more chances to get those 8k bounces, and they won't stay on the shelf long, either

buyins right now for the year around 9/10k are good now, but leaving the station

just for your education, not trading advice, not compensated and not advising / inducing you to trade
Hi,
It looks like your first (green?) curl or S-form is twisted! My JOES-fractal is giving the opposite!
According to my JOES-fractal we are not seeing a bull-market for the coming week, but going down to 6K or so. After that a new big fractal but to what? Up or down to 2K.......time will tell. Check out my JOES-fractal charts!
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