Here's an idea, just one potential scenario of how this bullish trend may still continue to look like.
The retracement everyone is expecting will soon come to fruition, but no one knows when.
It appears that Bitcoin is currently in an accumulation phase at the $7,500.
If the market structure will not be broken at $7,250 then the upward trend will continue.
If the Bitcoin dips and closes below $7,250, the trend has shifted to the downside.
But until then, the Bitcoin Rocket Ship is refueling and preparing to launch to the next level, at $11,650-ish.
Are you getting on it or not?
Place your stops at the appropriate level.
Happy trading!
The retracement everyone is expecting will soon come to fruition, but no one knows when.
It appears that Bitcoin is currently in an accumulation phase at the $7,500.
If the market structure will not be broken at $7,250 then the upward trend will continue.
If the Bitcoin dips and closes below $7,250, the trend has shifted to the downside.
But until then, the Bitcoin Rocket Ship is refueling and preparing to launch to the next level, at $11,650-ish.
Are you getting on it or not?
Place your stops at the appropriate level.
Happy trading!
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