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A 4 hour close below $6800 and we probably see Dalton's 80% rule play out.
Just to clarify, this still applies even if we don't get the 4 hour close. Dalton states we simply need to see two 30 minute rotations back inside to confirm acceptance. I think its a little bit more nuanced than this with $BTC being a 24 hour market. I say a M-15 close is enough
And we are back inside the range.
If the hourly candle closes here, this meets Dalton's criteria to a tee (2 M-30 rotations back inside previous value). I would then expect with a high degree of probability, that $6660 is visited today.
Acceptance
We got bid up here, $BTC is currently in the jaws of the $SPX which just open up positive on earnings lol. Just got to roll with it, as this is the market we have. If we pump so be it, another shorting opportunity imo. Im just chilling, bot is in a daily short.
So yesterday we found acceptance but got bid up as stocks moved up on earnings. Today I am anticipating $SPX to limit down. The fact we have found re-acceptance back inside this range should see Dalton's rule play out today. $6650=VAL
