Morning Traders,
Locally, bitcoin seems to be in the process of completing wave 2 of 3 before the next leg up to $13.16k.
Bitcoin regained and sucessfully retested major weekly support above $10.2k.
I suspect fireworks if we can just get a HTF close above $11655 (monthly resistance) and print a HH above $12k.
Looking for B of a larger corrective cycle to complete at $15.5-16k.
My macro count:
Locally, bitcoin seems to be in the process of completing wave 2 of 3 before the next leg up to $13.16k.
Bitcoin regained and sucessfully retested major weekly support above $10.2k.
I suspect fireworks if we can just get a HTF close above $11655 (monthly resistance) and print a HH above $12k.
Looking for B of a larger corrective cycle to complete at $15.5-16k.
My macro count:
Note
Bitcoin update:Wave 2 correction still being printed imo. Following this count until it becomes invalidated. What better skulduggery than to complete this as a running flat before that 3-day RSI hidden bullish divergence plays out for some fireworks.
Note
Yep must be Trump and Bitmex lolNote
Not much has changed. Monthly reclaimed for now.Note
Some will say it was the PayPal news Note
Reaction at monthly resistance. Choppy, corrective sideways action now for a few weeks while bitcoin consolidates and alts play catch up. After that $14.6k followed by $15.5 - $16kTrade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.