JTheretohelp1

$BTC ($66.2K and its importance)

BITSTAMP:BTCUSD   Bitcoin
Friends, this is honestly a chart I am archiving for myself. I am posting it here for you to get inside of my head for a bit (scary thing, lol). But I am still awaiting our corrective low to come in. If $55.6K is a double bottom low, then we should begin to see movement north soon. If not, then a lower low is still in the cards. That low would need to stay over $52.8K, or I will definitely be calling $69K the top. The issue for us now is to determine the counts, and we cant do that until we have confirmation that we have a local bottom. I am highlighting the lower Fib with a Bold red line. If we can manage a daily close, my conviction would be the low is in. Regardless the structure, the counts, and the ceiling of $66.2K are my focus. If $BTC wants to make another ATH, then that is the wall the Bulls must break. Even if it did break I would still stick to my low to mid $70K's as the final push higher comes in. That is all for now. :)

JT
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