This is ideal zone for a reversal and a close above of MA100 is required to support upward movement. When the trend is it should be expected to form higher lows and higher highs to maintain uptrend and keep it intact. As long as it holds this higher low formation and doesn’t break through it should be able to reach wave 5 which finishes this wave count.
In 24h we have received many fantastic news that should support widespread adoption and should bring attention of institutions.
-> NYSE launching a bitcoin market
-> Microsoft & Starbucks are accepting BTC payments
Please, if any question comes to your mind don’t hesitate to ask! I try my best to respond ASAP!
If you need help with trading, finding information or courses let me know and I’d be more than happy to help you! Feel free to DM 2.27% me in here or in my Twitter!
Things to Remember:
- Stop-loss orders are strongly recommended.
- Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
- Do your homework before investing.
Please be aware this is not financial advice. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing in anything.
Yarr the crypto pirate