Bitcoin BTC - Upside in the near future

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.

We've been in this descending wedge ( bullish ) for the better part of a week now and several indicators are resetting. If this is an ABC or a 12345 impulse, there should be some upside in the future. I can successfully count the impulse going into the top and we're currently bouncing at the 61.8.

I've been watching 9800 but I'm betting there will be upside in the near future. Play the waves if you'd like but I do believe we are going to break up a bit in the near term. If you really believe we're bullish then target $12,500 otherwise be conservative and target $10,900 and $11,500.

Trade safely friends!
<3 -CE-
Trade active: Still looking at upside. We're looking good. Not a good entry from here. Waves will be happening.
The BitDoctor Team
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