Don't get too excited just yet!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Good morning Traders

I still think this rise off the daily OB looks suspect. More likely a B/X wave before putting in a final low for this correction. Doesn't look very impulsive considering volume plus ETH is currently at major resistance after leading the market with this recent rise.

Expecting a SFP at around 12.1k and targeting 10.7-10.9k for an end to this correction. If that doesn't hold $10.5k should hold as major support imo.


And now?
Piggy_Profit patrickfx
@patrickfx, maybe one more dip to close the cme gap at 9600 but we've had a full 0.618 retracement now (which is healthy considering that we haven't had any retracements yet since this impulse off 9k) and we're still above the long term trend line so if you're bullish start loading up and BTFD
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