$BTC Short Term Action

While this scenario does NOT have to play out, I am watching the 200MA closely, and its my personal OPINION that we have to have a breather between 42K and 44.7K. While this is crypto and it can defy gravity for longer than most can imagine, at some point technical factors do come into play. For now we have a very toppy daily stochastic, and we have been up for nearly a dozen days straight up. IF, we were to consolidate, I believe any correction would be contained above the .236 Fib, which also happens to align with some of the key MAs. IF, and again its an IF, we were to correct that low, it would be the last drop before a massive move higher to take out 44.7K and potentially have a move to 47K (if not higher). For now we watch and enjoy the show! :)