Bitcoin: Looking forward to these next couple of months!
Morning Traders,
Locally, bitcoin seems to be in the process of completing wave 2 of 3 before the next leg up to $13.16k.
Bitcoin regained and sucessfully retested major weekly support above $10.2k.
I suspect fireworks if we can just get a HTF close above $11655 (monthly resistance) and print a HH above $12k.
Looking for B of a larger corrective cycle to complete at $15.5-16k.
My macro count:
Locally, bitcoin seems to be in the process of completing wave 2 of 3 before the next leg up to $13.16k.
Bitcoin regained and sucessfully retested major weekly support above $10.2k.
I suspect fireworks if we can just get a HTF close above $11655 (monthly resistance) and print a HH above $12k.
Looking for B of a larger corrective cycle to complete at $15.5-16k.
My macro count:
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Yep must be Trump and Bitmex lol
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Not much has changed. Monthly reclaimed for now.
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Some will say it was the PayPal news
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Reaction at monthly resistance. Choppy, corrective sideways action now for a few weeks while bitcoin consolidates and alts play catch up. After that $14.6k followed by $15.5 - $16k
Trade closed: target reached
Wave 2 correction still being printed imo. Following this count until it becomes invalidated. What better skulduggery than to complete this as a running flat before that 3-day RSI hidden bullish divergence plays out for some fireworks.