thetradinghall

BTC is heading up

Long
BITMEX:XBTUSD.P   Bitcoin
At least some sport on BTC after months of sleep. The rise since the low shows clean mix of impulsive and corrective sequences, thus showing an underlying bull trend. . These sequences are far from being over with the current yellow wave (3) asking for more subdivisions.
Nevertheless, current levels of 5150-5300 may offer a rest, especially with technical being stretched. The possible coming sideways/pull back shall not be very deep, and 4730 shall first offer a good floor. Keep looking higher overall with all pull back seen as buying opportunities.

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