This 240 minute chart below illustrates how important the $40,000 level is for bitcoin (and the myriad of bitcoin wannabe alt coins). Two weeks ago just past the 2-week cycle top an ATR Sell Signal was triggered at about $51,800. That ended up being an excellent exit and/or shorting opportunity. The potential 2-week cycle low was due this week between Wednesday and Friday while the trigger for a fresh ATR Buy Signal is right at $40,000. Cycle Low + $40,000 trigger should be an "all-in" Buy Signal and it could happen at any time...or not happen at all, so any new money going into Crypto might well await a hard break above $40,000.
