JTess

JTess

I think we are currently in a current correction up to 4400. if we can make it thru the 4340-4480 range this could have steam to make it back up to 5k

JTess Updated 

this could be a market reversal starting to form before our eyes with a new higher low and for the time being shorts are starting to cover... if we cant break 9097 tho we may just be seeing a bull trap forming. if we break below 7k or 6980 I would be very hesitant to continue holding my long and look at scaling back into my long around the 6350-6500 range

JTess

So with the .68 fib zone not offering much support and getting close to our liquidity box I expect btc to have a pullback at least to the 6500 range and could see it falling back to the 6320 area before we get any real push in a bullish direction. we were unable to hold over the downtrend resistance from the 8450 previous run up we had...I would start scaling into...

JTess

So yesterday I posted a publication about "is this a bull trap?'". with this fib fan on the 3 HR time frame it looks like the pull back we had earlier bounced perfectly where it needed to...I think we shall push forward towards the 7500 mark and would not be surprised if we continue towards the high of the previous run of 8450. There has been a down trend...

JTess

as you notice here we still have not found a bottom on btc. I think that we want to close more Renko candle downward on the daily before we can say btc has bounced. a lot of this action is from SEC "reviewing" etf denial decision. I d expect the sentiment to change especially since we cant break over 6800 and any time we get in the 6720 range volume dies