pato

BITCOIN 50% retracement

Long
pato Updated   
BITSTAMP:BTCUSD   Bitcoin
Bitcoin rode the 2week wave and topped out just before the $10,000 mark. That play looks like the first wave of a major bull rally in the making and the current decline seems like a 2nd wave consolidation. I think this set-up presents a great opportunity to buy bitcoin for the longterm as a 3rd wave would be monumental if it played out.
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Nice dip so far..watch the crypto market closely this weekend. We might begin to see buyer feeling the market.

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Looks like we have attracted some buy-side interest..now we wait for follow-through

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We may see another dip

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We are here:

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Dangerous possibility for buyers

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