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frothmonsterrr
Aug 3, 2018 3:16 PM

Stop - Hammer Time? 

Bitcoin / TetherUSBinance

Description

Looks like a text book Bull Hammer on the daily, right off the .382 for the potentially start of Wave 5.

9 hours left to see what the next candle motion is going to do.

If this 5th wave fails to take off, we will head down for a new Lower Low (LL) on the daily, and it confirms we will probably head down for a LL on the weekly.

We need this 5th Wave to come to fruition and to break 10kUSD, or we have failed to rally for a new Higher High (HH) on the weekly, and we will be heading back down probably until the end of the year.

This is almost make or break for a downtrend we have been fighting all year.

I'm still feeling neutral with both bullish and bearish sentiments.

Failure of this 5th wave to start is confirmation of a real inverted head and shoulders forming (not shown on this chart)


Remember Im not a financial advisor and I never claim to be. I cannot be held liable for any losses.
Trade safe, chart your own charts, and wipe your arse after sharts.
Frothmonster <3
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