BTC - The party has just started.

12 May 2018

Hello all cryptobuddies, here I like to give punters a short to medium term view of the BTCUSD 0.90% trajectory. That can be anywhere from 24 hrs -0.04% to 1 month. BTC has confirmed the primary EW form and market structure rather than the opportunity for bears talking it down to $1000 again.Yes, BTC has been breaking all supports lines down to the $8200 mark but has bounced now strongly off the .5 Fib range to $8500 as of writing. The good news is this impulse wave is strong enough to pretty much confirm a new wave set ( unless another drop below $8200).Now that wave 2 correction is complete the party can start and we are expecting a massive wave 3 to test the 12k line. We can expect the wave 3 to extend at the min to $11700. In the meantime a rise above $8650 would definitely confirm reversal at this stage and a fall only below $8200 would confirm the other way. Happing trading cryptoheads!!!!

*Each individual trading position is unique and this information should not be used to formulate any type trading plan.