Today, Bitcoin pulled back after a fakeout to the upside yesterday. It’s currently still above the trending dots on the Sharp Shooter Indicator.

On the livestream, Jesse said it could continue consolidating before its next move up, since it’s still bullish on all high timeframes. If we get more candle closes below the diagonal line, then it could turn into a deeper correction.

NASDAQ

Jesse noted NASDAQ and S&P 500 are both pulling back below the trending dots, but it might be too early to call a broader correction yet.

Bitcoin miners

Jesse went through the bitcoin miners, and most are experiencing a correction. Most likely, miners won’t break out until bitcoin breaks new highs.

Most miner charts are similar.

$HUT

Watching to see if $HUT puts in another higher lower—it’s too early to say.

$HIVE

$HIVE is following Jesse’s yellow squiggles so far.

$MIGI

Still trying to find a bottom after a sell signal in February.

$CSLK

Still trying to find bottom after its sell signal. There’s a gap down at $10.62.

$MARA

It’s down at the 200-week moving average, and still trying to find its bottom.

$WULF

No sell signal yet, but it’s below the trending dots and seems like it could follow the other miners down further.

We read every piece of feedback! Some love from our last newsletter, What bitcoin's 2-week chart says:

Want more?

If you love charts, then make sure to follow our posts, videos, & live streams here:

• Jesse Olson Twitter (65,000+)

• Jesse Olson Youtube (2,300+)

• Market Sniper Twitter (8,000+)

Ready to block out the noise? Join us in the discord with either one of the subscriptions by signing up here: Market Sniper Website

Disclaimer

The contents of this newsletter are expressed in my opinion only, none of which is financial advice. Always do your own research as this information is intended for educational & entertainment purposes only.