Hello Traders,
Bitcoin remains supported. As long as bitcoin stays in that trendline, it will ultimately break the highs at $4992.59 and rallies to the weekly extension extreme at around $5068.85 where it can produce a 4 hour pullback. We like the idea of calling bitcoin higher, but for confirmation, it should break the highs. BTW we were bullish already a month ago and we clearly stated that all corrections should be used to buy again!
Hope that gives you a clue of what WE expect.
Cheers
Bitcoin remains supported. As long as bitcoin stays in that trendline, it will ultimately break the highs at $4992.59 and rallies to the weekly extension extreme at around $5068.85 where it can produce a 4 hour pullback. We like the idea of calling bitcoin higher, but for confirmation, it should break the highs. BTW we were bullish already a month ago and we clearly stated that all corrections should be used to buy again!
Hope that gives you a clue of what WE expect.
Cheers
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I told you guys, never believe in the fundamentals, technicals will win in the end.
