DobbyisFree9633

Decision coming soon...

BITFINEX:BTCUSD   Bitcoin
Resembles a pretty repetitive pattern. Didn't get fuzzy until the fifth wave which was prolonged due to the combination of futures launching and investors trading to maintain the parabola. Bullish divergence on RSI. This could be a reset of the cycle. A break out upwards will likely lead to a retest of 20,000. Risk reward is pretty nice here if one is looking for a trade. Stop loss around 7200 to protect the trend line and you're risking a few hundred dollars for thousands.
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