MO-Capital

BTCUSDT: big bullish impulse ahead

Long
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
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Idea:
  • ABC (2nd wave) on the grand level is mostly finished
  • The 3rd bullish (impulse) wave should start soon and will reach be at least the same size as the 1st grand wave
  • We see that now the price chart is in the ascending triangle and we assume that the 3rd wave will start after the triangle break out
  • We also see EMAs close to each other and in the bullish order (shorter above longer EMAs) and this is a signal that the price will make an impulse soon and now we are in the accumulation phase.

Opinion:
When the 3rd wave will start better to make long positions with altcoins, as they are more volatile and will deliver more profits. But it is not trading advice, just our opinion.

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