When everything looks Bullish - Do the opposite - SHORT A break above 9700 will confirm bullish pattern until than - BEAR TRAP to liquidate funds. Keeping it above 9300
We may see another 2-3 weeks in shorts and a possible retest of 8800 So dont get your hopes up yet HODLERS
Dont EXPECT a PERFECT TRADE. It just never works out!
see the chart pay attention to volume on key waves 1, 3, 5
Volume decreasing indicates indirection =Next Strong Support Zones 9000 8600 8000
Everything looks bullish. Bears are out on the town. But when they get back home.... Retest Support of 7800 is in order.
Waiting to finish ABC correction on Weekly.
Lets look at the Bitcoin and S&P500 from Feb 2016 to today May 2020. Fibonacci Timezone is marked in Blue. Looks like Feb 2016 was the start of the Great Bull Run for both Bitcoin and Stock Market. BITCOIN 02/2016 - 11/2017 671days 5300% gain Retracement to 0.23 Fib ( $3100 zone ) S&P 02/2016 - 02/2020 1467 days 5300% gain If the same as in Bitcoin, Estimated...