Long

Bitcoin Breakout

Zaktualizowano

Solid breakout here, and looks like we are forming a mini inverse head and shoulders to go higher! This will push up altcoins as well... big thumps up!

Uwaga

Uwaga

So we tested the breakout and have a new support level. Alternative route still possible here, which would make this a slow burn rather than the quick pace of action we say after leaving 3000 behind.

Uwaga

We may dip below support, but that will be bought up quickly!

Uwaga

So if i have relatively correctly placed our wave counts, it looks like we are in the process of a sub-wave 5 within the larger wave 3 structure. This means that we are dealing with a shorter wave than the one that broke off from the $2700 area. That would explain the lack of pace we have here as well with less money joining the market. We should also start planning for an A - E correction to unfold at the end of sub-wave 5. I cannot see us dipping below $3292.

Uwaga

Still bullish

Uwaga

New Thread:

Trader6127

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