Hitting the Mark! What now?

Well, we not only hit the projected $3850 level we went a little below it before a small spring north. The candle reads a 4-hr bottom at the mark and is a hammer with a long tail. You will notice the selling pressure I noted on the chart above where you can see the long wick indicating sellers were using the price action to get out. So, where do we go from here? This is difficult, but the probability is suggesting we head up a bit more towards the descending trendline. BTC is so heavily manipulated right now you have to be a psychic to believe you can predict direction. I see another small run north right into selling pressure. I am sitting tight and hoping we continue the long slow descent to 3k or less so I can load up.

Have an idea or want to share a thought. Please do so! I enjoy the conversation. Post a chart. If you follow me you know I am not a fan of the Elliot Wave or "impulse trading" style. it can be effective on certain stocks and FOREX trading, but for something like cryptos which are so heavily manipulated, Elliot Wave analysis, to me, at least, is nothing more than something interesting to consider.

Let's see what happens next -- high probability we do not go above $4300. We should see some large candles as the fight to keep this dog trading sideways continues!

Happy New Year,

Biff