tradedevil

Bitcoin Stick Save... Or Premature Big O ???

Long
BITSTAMP:BTCUSD   Bitcoin
Here's the bullish scenario. If this pivot and range of $4,440 - 4477 holds as wave-4... then we can start the climb towards $5,400. If it breaks, we could go to $3,400 for a 50% of the entire impulse wave. There's a trade here that has a nice 4.5-to-1 risk-reward. I'm taking it as I find the structure in the 5th to be lacking. I don't think it finished. And I just don't think Bitcoin is the type of market to "pop" early. Too much a raging bull to not let us finish together... Of course, I could be taking this little innuendo too far so don't trade without protection. Put a Stop on it!

Crypto Trading and Education - goo.gl/AUxrWz
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.