Rexcell

BTC Wolfe Wave or Rising Wedge + Fractal Accumulation PT2

Long
Rexcell Updated   
BITFINEX:BTCUSD   Bitcoin

I think we're in PT2 accumulation phase as per the larger TF fractal which I'll link below.

Short term over the next few days/week I see sideways immediately which I'll be playing to sell spikes and buy dips while slowly building a long position. From there I'm looking for another touch on the top TL for a rising wedge or Wolfe wave which may have already been completed but I'm looking for another leg up first from here - to cap out at 6900-7k for more bartheads before we dip.

TP1 is where I see support from a broken rising wedge however TP2 would be completion of the Wolfe wave which is the convergence of point 0 through C in a direct line - which is also support for BTC. Breaking down from there would be very bearish - however as I mentioned above, I see this as a fractal/accumulation phase PT2 which will go on for another week or so to play out completely and then break up solidly.

Well that's my plan but with precautionary stops along the way.

More smaller profits is better and safer than one 1 large all in move in this (still) bear market - which I'm hoping the bottom is near if the fractal and accumulation PT2 plays out.

Good luck and take profits often!
Comment:
Fractal accumulation phase PT2?
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