Okay friends, here is the deal.
There is a MASSIVE cup and handle forming in BTC.
MASSIVE.
What does that mean, fundamentally?
If I were a whale, what would I do to try to trick people, and manipulate the market?
I'd put a BIG, FAT bullish pattern on the longer term charts.
A BIG FAT ONE.
Any inexperienced trader is going to see and think that the massive cup and handle is going to play out.
It will.
It just won't do it until we get the MOMENTUM NEEDED.
Right now, we don't have it.
I SUSPECT an 8k or 8.3k reversal, with a small bounce around $9,040.
These are just my thoughts painted on a chart, not trading advice.
Good luck to everyone and happy trading!