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bojinas
Jul 30, 2018 9:09 AM

10k Again? 

Bitcoin / DollarBitfinex

Description

Not really a fractal but a general comparison for a potential outcome to this pump. Fractals alone are dangerous to trade off. As recently as our local bottom, there was a fractal that did not play out.

Regardless of the validity of ETF hype (personally very skeptical), I think it's reasonable to expect a retrace to coil for another pump to test the 200 MA using the ETF as psychological fuel. From that point, we could fade out in a rising wedge or blast off if the ETF news is positive.
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