Bitcoin and the basket update.

Not much to report. Bitcoin remains in purgatory. Above 8,758 norm, That I spoke about. Yet below 9,953 the atm upper norm. Its plain to see the reaction to the lower past target, now. Since now its acting like soft support. This is most of the reason I had turned more neutral after it was reached last week .At least in the smaller time frame. 8,758 was a mid term attraction. I still lean to a larger one below the February lows. I am waiting for pa to build a new target. Atm 7,700 has some merit, I just would have been more comfortable with 9,953 hit earlier. Since it was not tagged on the bounce, a drop could be more than I expected.

A M chartist may be seeking 6,800 target or less.