BTC IS UP TODAY!!!!!!.... Ok, Calm Down Everybody!!
**Pic #1
"Massive" Spike in BTC!! A lot of people are going nuts anytime we have a bullish move. We have to keep our emotions in check and just process the data
**Pic #2
We have based at the $6,700 area and moved higher. We tested the POC above @ $8,200 and have pulled back slightly.
Holding the $6,700 area is a great sign, as it stopped us from putting in a new lower low @$6,000 area and taking back the area where the last bull run started.
All we have done is test the POC above. My last video on BTC homework showed the over / under lines @$6,700 and the $12,000 everything in between is just noise. This spike is price is great to see, but keep in mind that nothing has changed yet. We are in a high volume Chop Area. The push up we are seeing is NOT a true sign of strength yet.
Bigger timeframe, we have tested the $12,000 Area three times and have failed to get above. Until we break and hold the $12,000 area, the bears are still in control.
With that being said, when we based @ $6,700 area I took a long position. the targets above are $8,200 (POC) and $12,000 (KEY LOW Volume Area) Im scaling out in front of those 2 lvls and holding a 1/3 size to see if we break out above and higher. This is not a Recommendation, but a shorter timeframe trade that I took and am currently in.