To have any hope to the upside, we need to break thru the cloud on the 15m, which it's currently trying to do before it's too late and the cloud thickens up. We bounced off the daily cloud, but if we don't head up soon, we'll be retesting that soon, probably a little deeper than this morning.
The hourly cloud has been pushing us down since last night, but I do see a scenario that we can slip through to the upside by tomorrow morning (EST). With so much "insta-bearishness" right now, it wouldn't surprise me if BTC moves back up into the mid-9s short term.
The hourly cloud has been pushing us down since last night, but I do see a scenario that we can slip through to the upside by tomorrow morning (EST). With so much "insta-bearishness" right now, it wouldn't surprise me if BTC moves back up into the mid-9s short term.
Komen:
We are in the cloud, what happens in the next hour or two will determine if BTC is heading back down or going to atleast hold the ~9300+ for the rest of the day. BTC is testing VWAP right now on the 15m, and so far it's rejected twice. I think we recharge and get through this cloud.