There is a lot of talk going on surrounding all the markets and eveb BTC, of course.
I saw a tweet come across my feed that had a user claiming an incoming crash of BTC and I couldn't help myself in laughing a bit for seeing through and identifying that he really had no idea wtf is going on.
We are currently set to close the week above the consolidation box that...
Using the Potterbox strategy, we can see that we successfully bounced off the 4HR cost basis, or median at about $505.60 and closed above the top of the box at about $507.77.
I believe that to continue to the upside, we'll have to first secure the floor above at $511.50 with a 4 hour candle close. At that point, we'll have a chance to punchback with a candle...
Using the Potterbox strategy on the 4 hour time frame I can see that we are at a huge level of support that is holding at $578, which I think will be crucial in deciding whether we break down or make an attempt to try and head to the upside.
$571 and then $568.50 are downside targets, if we end up breaking down below the $578 support.
Above us, there is a box...
