Bulls about to take BTC OVER!!We have found a strong resistance right along the level of the the fourth wave of one lesser degree, as expected, this current move being the current degrees own 4th in the shape of a zig zag. Given the aggressive nature of the move that conformed into what I believe is a wave C of the zig zag I did expect for it to reach a lower level but failed to see it materialize and now we start seeing a strong base being build along the lows, from which we should see the bulls run the price up in a strong fashion. This mainly due to the fact that having the price to a deep pierce of the previous levels set usually means the that the bullish momentum is stronger than anticipated.
I have a strong belief that we might see a revisit of the 92,780 before we actually see the price take off. We should, however see the 92,150 level hold if my view is correct.
I will be buying above 95,900 but if we do get the move back to 92.780 anticipated I would likely slide my entry level to a lower point to make it a more favorable risk to reward position.
Happy Trading :)
