WOW
The absolute madman, never retracing more than 23.6% Fib. It's pulling the entire market up along with Litecoin. Common sense would say short the top of the third impulse when momentum is waning/doubtful, but memetic sense tells me to stay long for the time being, just in case it decides to go parabolic on the daily chart. There's weekly bearish divergence in RSI but so far it's being completely ignored, hinting price could shoot up to meet the indicator just like it has done on the daily chart.
The weekly upper Bollinger Band limit is on $228; and for Bitcoin the middle BB is on $4400 so I'm personally not trading against an uptrending volatile market until that point. Probably not before closing the monthly candle too, it's a big bullish engulfing.
Bart patterns are over, long live the Chad fads!
The weekly upper Bollinger Band limit is on $228; and for Bitcoin the middle BB is on $4400 so I'm personally not trading against an uptrending volatile market until that point. Probably not before closing the monthly candle too, it's a big bullish engulfing.
Bart patterns are over, long live the Chad fads!
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