Bullish Divergence + everyone & their mother wanted another low.
.618 support trend holding
major support trend in tact
.618 of smaller wave & .618 of bigger wave holding
Lots of FUD & oversold conditions
Falling wedge ABCD correction
Use tight stops!! but come on people this is bitcoin & look at how cheap she is.
Another lower low is possible but that is why the stop-loss was invented in the first place.
Also this post isn't hateful toward bears I noticed when the market is really low bears get really defensive if I post any bullish predictions (the market can go both ways if you don't want to see that then you probably don't have a trading plan for both directions so make one)
stay profitable out there.
major support trend in tact
.618 of smaller wave & .618 of bigger wave holding
Lots of FUD & oversold conditions
Falling wedge ABCD correction
Use tight stops!! but come on people this is bitcoin & look at how cheap she is.
Another lower low is possible but that is why the stop-loss was invented in the first place.
Also this post isn't hateful toward bears I noticed when the market is really low bears get really defensive if I post any bullish predictions (the market can go both ways if you don't want to see that then you probably don't have a trading plan for both directions so make one)
stay profitable out there.
Comment:
here's the wedge
Comment:
here's the other possibility on the wedge.
Comment:
Testing trend-line again!
Comment:
click this chart and press play
