BTC - One more Bull Push Before Downside Test?

3 lug 2018We're already bumping up against some resistance as shown on the VPVR, but supply hasn't shown up in a big way yet. A quick Effort vs. Result analysis has got me thinking the next push will be slightly weaker than the last two and may be a good point to take a short position, but for now we wait for it to play out. I think the ceiling on this move is ~7k before perhaps a healthy pullback into a higher low situation.

3 lug 2018

Commento

The Bullish Targets 1 & 2 are there as other points of resistance that originated as order blocks on higher time frames. These will still be valid targets even with a pull back IMO.

4 lug 2018

Commento

Had a nice little pullback before a weaker rally. This Idea is now complete.