SubvertoTradingClub

Nice spot for a bounce on crypto market

Long
CRYPTOCAP:TOTAL   Crypto Total Market Cap, $
The crypto market has been in consolidation mode for a month since the big break down of mid june. Price perfectly held the retest of 2017's ATH.

Now the whole crypto market broke up this consolidation and is currently retesting it.

If you think the bottom is in and you would like to be long on this market, it's currently a nice area to enter position.

Keep it simple, use horizontals.

Thanks !
Comment:
Daily candle has been saved and closed just above our green zone, very good reaction.
Now the invalidation is clear, if we close a candle inside the grey box again, the bullish plan will be invalided.
Comment:
Market pumping nicely, we hope you are taking some profits here, SL under the low.
Market is happy when he act like this.
Let's enjoy the profits.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.