When the market finally reached exhaustion, we were signalled a Sell Trade (Green 9) on the week of June 19th. Smart traders could have anticipated the 9 and made the trade one candle earlier on the week of June 12th (Green 8) to lock in maximum profits.
Since the Sell Trade signal, we have had a four-candle correction to the downside (two to four is typical) and are now watching a form on top of the .5 "Fibonacci" Retracement Line as the week of July 17th comes to an end. If the completes and we do not break below the longterm and 20-Week , we can expect a bounce upwards to try to break out of the .
It should be noted that when zoomed into the , we were already given two Buy Trade signals on June 27th and July 9th (both Red 9's) and as of today, July 23rd we've made a Red 4 count in yet a third Buy Trade sequence.
For confirmation of the trade, we should look for the to make a tick towards the upside on the next weekly candle, or at least to hold above 50.
On our move upwards we can expect resistance (and place targets) near .1 BTC and .12 BTC , both of which correspond to Lines, and again near .14 BTC which corresponds with the TDST Line (Tom Setup Trend) before re-testing All Time Highs near .15 BTC .