This right here is the trade we all see in the text book so as long as it plays out as a text book trade i dont see any reason for failure on this one !!!
now for the grain of salt ... if the wave 2 comes down and break the 65 welp im not too sure how bullish any movement after that will be, I certainly wouldnt trade a break of the 65 bullishly would you ?
this...
Here we have a cleanly dissected creature, it is the wild yet some what tameable bitcoin.
We might be starting something beautiful or we are going to rollover after the the 1st wave of wave 3.
Bears are still paitently waiting bull brothers we on the look out if this fails!!
The herd has been screaming bcash to 0 but is missing the point that it might not happen and there is most definitely someone or something!! buying at all prices.
Protect your money this thing on the loose has a target!
While i hardly think this is close to possible to complete too many algos on the way up, one should always take a look at the contrian point of view. The market is in a bear trend but doesnt mean we cant profit off a failed bear rally. If the bear cnnot push us under 6280 i dont see why 6600 isnt on the table. I wouldnt throw the house at this but hey its a trade...