Piggy_Profit

Bitcoin: Looking forward to these next couple of months!

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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:

Comment: Bitcoin update:

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.

Comment: Yep must be Trump and Bitmex lol

Comment: Not much has changed. Monthly reclaimed for now.

Comment: Some will say it was the PayPal news

Comment: 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

Comments

If DXY dies anything is possible but Gold is looking ill at the moment..
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Piggy_Profit alienteck
@alienteck, DXY looking a bit sickly

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VeryNiceWork
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Piggy_Profit PolarHusk
@PolarHusk, Thanks mate :)
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Looks good! Thank you for your comprehensive TA!
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Piggy_Profit espenespen
@espenespen, Thanks mate, hopefully this plays out. It's been a while since we had a decent Q4.
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Nice idea, good work
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Piggy_Profit BakiShirzadi
@BakiShirzadi, Thanks mate
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