A Market Structure Shift just took place right before FOMC! Time to BUY Bitcoin. Send it!
Many Traders got shaken out of their positions. This is when I want to BUY folks.
Bitcoin loves to end Bull Markets with a double extension. A 5th wave extension is definitly in the cards right now. Happy trading!
Bitcoin has been in a consolidation phase since the end of March. This COMPLEX correction very look like a WAVE 4 of larger 5 waves cycle to me. In the mean time, traditional markets such as the SP500 and NASDAQ are at All Time Highs. Tomorrow is NFP day and this could be the last day of this comnsolidation for BITCOIN before looking for another expansion up to...
2 major news event (FOMC and NFP) will play out this week that should bring some movements on Bitcoin. I'm watching this Daily Imbalance where I might be interested to look for a long position. Those larger TRIANGLES are fairly tradable in my opinion but you need to be patient to find your levels. Remember Optimimum entries tend to be found at New York Pre...