i had no clue it was going to happen this fast but it did, wait for confirmation of a weekly close above 65k for a high potential move up.
on the fall we saw that more and more is being created from the area of 54k-57k
we haven't closed the weekly under 55k yet and that's a very good sign
- the minimum i see btc needs to close on the weekly is above 57k so we can re test 65k and hope next week we close above 65k ; the problem with this is we could still have a chance of hitting 65k and falling down to re test 45k-47k
- the strongest and best signal i can see for the bulls is a weekly close above 65k ..... THATS IT
- a strong indicator of btc falling lower would be a weekly close under 54k-55k, i said in the last post take profit on your shorts from that fall @ 55k, 53k & 47k two of them have been hit and the last one is the strongest of them all!! if weekly closes under 55k (we could even see a rise to touch new resistance at 65k first before the fall down to 46k) the targets would be
the 39k seams far out but a true bottom is hard to find
- if weekly closes under 46k its over... 39k then we see what happens (if that can hold or not)