What's going on Traders? In my last post, I mentioned the price retesting the resistance just above the 38.2 Fib retracement level. It did that twice before making the Bearish correction and sending us back to test the two support levels above 65K. We are currently going through a consolidation that will most likely last for a few more hours and unfortunately when consolidating at this level will certainly send the price Bearish. And this will be the start of the push back to 65K Trigger Point where we should find some support just like last time.

We will have to wait several hours to see if that comes to pass...and I believe it will. Remember we have two blocks of support, at this level that held strong the last time it was tested...I expect that to continue. On a side note, you have heard me say that history has changed and things aren't the same anymore...well that actually hasn't started yet and won't happen until after the Halving. So, to reiterate history won't change until after April and then we can expect things not to be the same as last time. 

My reason for mentioning that fact now is that history is repeating itself in this price correction, which has happened just before every Halving so this is not a correction or a crash...it's history repeating itself once more. That said it didn't completely repeat yet and won't...because the other thing that has happened is the price doubling within two weeks after the ATH has been reached and that WON'T HAPPEN AGAIN!

So, once the consolidation is over we will be headed for a retesting of the 65K Trigger Point how long that retest will take...I would only be guessing, there is no date to look at for how long anything in the market will take except history, and right now that can't be trusted like before.