BTCUSD Bullish Projections
Updated
BTC has just broken up past its previous high making a new wave. B has been breached and the targets are already confirmed.
Watch for a possible rejection. I would take profit on riskier/larger positions at N and V. But it seems to me that this is an E wave. It seems all bitcoin likes to make lately are E waves.
Keep in mind the possible rejection at just around the area that would complete our last wave's E target. Watch close for a turnaround here.
Otherwise we have some targets to look forward to.
Watch for a possible rejection. I would take profit on riskier/larger positions at N and V. But it seems to me that this is an E wave. It seems all bitcoin likes to make lately are E waves.
Keep in mind the possible rejection at just around the area that would complete our last wave's E target. Watch close for a turnaround here.
Otherwise we have some targets to look forward to.
Note
BTC is entering our potential rejection zone.All eyes on BTC.
Note
BTC has formed a bullish wave squarely within our rejection zone barriers, with strong bullish price action as it nears the upper barrier.We are not safe yet but things are looking good for BTC.
Note
BTC has just hit and surpassed our V target. Looks like N is on the way.Note
We have blown past our N and V targets with force. If you took profit, congratulations. If you are holding out for the next target, godspeed. I am with you.Note
BTC took quite a fall after coming within about 300 dollars of our E target.However, support was found at our N and V targets. I wish I could say I am surprised by this but I am not.
At this point after this kind of profit taking btc may take a further tumble, but for now it seems the bottom has been found. If bitcoin breaks up from this new wave's upper limit with force, making a new all time high on this exchange, I will post some updated bullish projections to accompany the journey it will likely take. Until then, we should consider this wave complete and prepare for a possible drawback. In other words, I have taken profit and am looking for a reentry once we see some more structure developed.
Trade closed: target reached
Our E target has been reached.Note
If my advice helped make you a little cash and you're feeling generous, donations are welcomed and appreciated. I like beer monies. I am very hungry as well, please feed me. BTC: 363sDXLXkV7tm3pJmK2mLTDZjdTANbiA4A
ETH: 0x4c1aA87252e31C2552248b3561c9dBef7E21C7Fb
LTC: LeUKche2Mz51tNG4jmTj2LkufkNUd4DpFm
Thanks all and happy trading.
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