Short term, Tentative. Still need a swing low'

Updated

Still waiting on something we can measure for a swing low. Until then, here are some areas of interest!.

Trade safely everyone.

Trade closed manually

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We're likely to retest $8,500 soon. We'll see what the indicators tell us from there.

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If we stop at $8,700 area, we're deff moving up soon. Depends on which part of the fractal we're in

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This is why I'm stressing the importance of buying the dip and not the rally. You have a lot more leeway this way when little movements go against you and this indicators screamed move up from the bottom

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OK folks, move up stalled out, Bearish divergence in large time frames, time to revisit lower reaches, as low as the pink trend line. Been a great and profitable run! We'll keep a close eye for the next dip!

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In all reality, things are looking more tenuous and wishy washy as we move along now. I've personally taken profits at this point and am cautiously watching for a break in the white line in the last chart addition. Their is still the possibility
another move up yet but the oscillators are in a point where we could be seeing bearish divergence or the build up to a new wave up. The Mt. Gox wallet funds movement situation has my attention and I presume a lot of others. Even though the majority of funds reintroduced into the market happened before the news hit the media on it earlier this winter, that seemed to have a large effect on the market once people heard of it. I don't see it being a very big deal but people in the market apparently did. Fundamentals are looking kind of on edge to me at the moment. I'm continuing to keep a close eye and certainly not panic selling at this time however a great time to take some profits for sure!

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As noted in my other additions to BTC movements and Ideas, I expect short term to revisit the $8,500 area before more up. The surprisingly bullish continued signals at this time indicate to me a high likelihood of more up after pulling back but I'll update accordingly as we move forward. I'm taking profits for now to reintroduce at the dip. Good luck trading everyone!

Techmology

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