hang out there like it goes it gets to it and then it surges above it for a bit and then later comes back down okay we've seen that happen many times here's another example where i surged above it and then sort of cooled off for a while so and here's another example right surge above it and then cool off what we don't want to see happen is it get rejected because if it gets rejected then we probably will sweep the lows that we already that we already looked at so to show you what i mean if bitcoin hangs out right below the bulmark sportband for a few weeks and can't get back above it it'll probably end up meaning that we're going to sweep these lows again down here okay and maybe we would then tr test that forty thousand dollar level if if in the event that bitcoin gets rejected by the bull market scorpio okay so drawing the line in the sand again if bitcoin gets rejected by either the NUMBER_TOKEN week estimate the NUMBER_TOKEN we came in if we're unable to get above it in the next few weeks i think we have we have some time here but if we're unable to get above it then there's a there's a high possibility that we could come back down and test these lows and then and then potentially try again or even come back down to NUMBER_TOKENk and then go back up again so the the short-term bull case for bitcoin is to get above the bull market support band as quickly as possible okay to get above NUMBER_TOKEN NUMBER_TOKEN this has been the line of sand for a while now because when we first got below it the NUMBER_TOKEN-week ema was at NUMBER_TOKENk and then now the NUMBER_TOKEN with gma is lower but now the NUMBER_TOKEN week sma is at around NUMBER_TOKENk so NUMBER_TOKENk remains the line in the sand and it probably will remain in the line in the sand for a few weeks because you can see the NUMBER_TOKEN weeks starting to level out you could imagine it's going to probably stay NUMBER_TOKENk for for many weeks approximately NUMBER_TOKENk anyways okay so the point is is to say as we go into this week let's watch for a rally to see if bitcoin can get back to NUMBER_TOKEN NUMBER_TOKEN and hopefully NUMBER_TOKENk NUMBER_TOKENk there probably will be some local resistance at that level okay because there are going to be people that think it's unable to get back above it so there probably will be some resistance at NUMBER_TOKENk if you want to see which i do if you want to see this you know a theoretical second leg to the market cycle we would like to get back above NUMBER_TOKEN NUMBER_TOKEN and then and then continue along the way and then hopefully bitcoin will will sort of take control for a while so that's what we're looking for in the meantime we're still between the NUMBER_TOKEN-week estimate and then the NUMBER_TOKEN-week estimate another thing to consider which you know i have mentioned a couple times on twitter is that if you remove the bullmark sportband and then you just look at the NUMBER_TOKEN week estimate you could argue that the NUMBER_TOKEN week sma is the new bulmark support band now i'm not going to say that officially is is the new ball marks bull mark sportband but there is at least some evidence here to suggest that look we're just holding support on the NUMBER_TOKEN week potentially you know last cycle was the NUMBER_TOKEN week this cycle is
NO_SEGMENT_TOKEN