Is this a REAL Bull Move?
You know we’re watching the crypto market like a hawk so why no trade updates on the “big” move higher?
Is this a REAL Bull Move?You know we’re watching the crypto market like a hawk so why no trade updates on the “big” move higher? Because we want to share high probability trades and one good day does not make a meaningful move up high probability, much less the start of a true bull wave. As of now, as the charts below show — the probabilities are that this is NOT the start of something big. In other words, it’s POSSIBLE this is the bottom, but it’s NOT probable We think the highest probability is for a TRUE retest of the bottom of the 2017 wave cycle to be retested which is $2975 (coinbase) Why? Because that was such an important bottom and important bottoms are usually tested successfully by going LOWER with lower volume. The current move down stayed above $3000 with LOWER volume. To be crystal clear, that is good enough for a retest and could be an important new bottom, but we want more proof—and meeting some bullish targets with increasing volume would be an excellent start. All of this information is tradeable and we share a trade strategy that offers a SAFE entry closer to close tomorrow (4 PM EST). WHAT ABOUT ALTCOINS? We’re going to wait to update altcoins charts. Why? Almost all large altcoins showed the same sort of bullish move as BTC (or better). LTC, EOS, FCT (again) and WAVES all were above average in their bullish moves BUT the most important takeaway from altcoins is they continue to follow BTC — We continue to watch for some sort of divergence between BTC and all the important altcoins. It will happen, and it will means SOMETHING big when it does — but not yet.
Sooo - That means the highest prob trade strategy to wait until closer to close tomorrow to enter new trades. You know we’ll be watching and plan to update with the highest prob trade set ups if things stay bullish
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