Holding steady at a higher low.
We are currently forming another bearflag but have also(for now at least) potentially formed a higher low by not dipping below $5730. The rsi and stochrsi on the 4hr also seemed primed for an upward shift as well. If we were to break upward here and somehow surpass 6300 we would essentially form a higher low/higher high sequence as well so this is what I will be watching for. Since 2018 has essentially unfolded as a fractal of the 2014 bear market thus far it would not be that surprising if we were able to go on another uptrend run back up to around 9.7k to continue that fractal. Of course there's no guarantee that fractal will continue the whole year but so far it has been pretty accurate...and for that accuracy to continue...9.7k is where we may head over the next month or so....if not then the bear flag will likely breakdown and continue towards the initial target of 5.3k and essentially even further. For now until I see a break one way or the other this idea will be listed as neutral.
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