Potential for $7,350 on Stamp Then Bounce Back Up to Try $8,000

If we do continue coming down deeper than $7,350, I'm not seeing a lower low than $6,515. I'm actually expecting a higher low.

Those of you who joined the LIVE Stream last night; thanks for joining in! Look forward to seeing you there again soon. Those of you who did not make it; we would enjoy having you there next time.

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This is INSANE.... 32,660 Margin Long contracts on Biitfinex vs. 6,933 Short Contracts on Bitfinex.

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I pretty much knew we were coming down to probably around $7,350 but it has currently come down a bit lower than that. It's POSSIBLE we may not immediately go back up to test $8,000 before falling down to our "Higher Low" I mentioned in the LIVE Stream last night. We may continue falling to our "Higher Low" now.

We will have a better idea very soon. We are currently seeing SIGNS of exhaustion in the 6h TF but not confirmed just yet. If we can get a good solid move upward if and/or when the 6h exhausts, we might get a test of $8,000. Otherwise, we are likely going down now to find our "Higher Low." I'm going to provide another video update within a couple of hours.

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More details about the 4h TF:

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Look at the details in this 2-Day TF: Note the White 200-MA in this 2-Day TF. Note the Green FIB at approximately $6,149. We could be heading down to that Green FIB at $6,149. So, it is POSSIBLE for a LOWER LOW. I don't want to be biased by making a flat statement insisting on a HIGHER Low. We COULD very well make a lower low at $6,149.

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A look at my PRIMARY (Over-All) FIB Levels in the 3-Day TF. You will see the price for each Primary FIB Level to the right side of the chart:

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If my Analysis is correct, we are looking at the $16k's by mid to late April, 2020 and mid $20k's by end of August, 2020. However, we could consolidate back down to the $16k's in September/October, 2020 before heading off to even higher highs.