We've gone long on btc.
We believe the low is in and yesterdays retrace completed wave 2, now it's pivotal to get above the 618, the last 4h high and commence wave 3 which should take us up a good amount.
The first take profit is at the localised highs that started this distribution phase, should we break above them we might not take the 2nd, as we believe the next real move will be to 82ish k.
The daily looks like this:
We believe the low is in and yesterdays retrace completed wave 2, now it's pivotal to get above the 618, the last 4h high and commence wave 3 which should take us up a good amount.
The first take profit is at the localised highs that started this distribution phase, should we break above them we might not take the 2nd, as we believe the next real move will be to 82ish k.
The daily looks like this:
Comment:
3Bullish drives in development on the 4h tf