Still watching for 8500$

Greeting everybody,

Last time we've talked about the point where upside action potentially could start and I said - 8.5K due to some reasons that we've specified last time. Now I could confirm the same - another minor drop really could happen before reversal. As you can see on the chart, we have two side-by-side butterflies that together create perfect 3-Drive "Buy" pattern. We think that is should become the major technical tool here and background of potential upside reversal.

Thus - no shorts, for longs - either wait for drop to 8.5K or you could buy right now but stops anyway should be below 8.40-8.5K.

Also recently we've prepared fundamental analysis of BTC - now we clear understand what impact of the Halving was on the market and how we should treat drop in a Hash rate and what is going on in the mining sphere and on the market in general. You could read it on our FPA site in my Blog.
A usual - the whole video FPA site as well.