Btc shorts were stopped today at 7500. They were just reset. Stops here will be about 125 points above the old high or at 7925.
Cover targets are currently $6900.
BTC continues to surprise in strength. Chart patterns are all pretty accurate, but the length of the impulse waves are longer
and stronger, and all extended.
All the pull backs are shorter , and wedged in the positive directions.
Keep those stops tight.
I still feel we go back to retest serious lows.
if w take out the all time high at 7800 in a few minutes or over night I will revisit that thesis.
PM me with any questions.
Thanks, and good luck!
Cover targets are currently $6900.
BTC continues to surprise in strength. Chart patterns are all pretty accurate, but the length of the impulse waves are longer
and stronger, and all extended.
All the pull backs are shorter , and wedged in the positive directions.
Keep those stops tight.
I still feel we go back to retest serious lows.
if w take out the all time high at 7800 in a few minutes or over night I will revisit that thesis.
PM me with any questions.
Thanks, and good luck!