I was not expecting such momentum at all. And it does not look corrective either. It looks like a straight up impulse.
If i am correct about this, the correction has ended and BTC has started a strong wave 1. If so, there will be a huge wave 3 after the coming corrective wave 2.
I had to close some of my short positions at a loss. But once i saw this happening i started hedging long so it is not a big loss right now. I am willing to jump in long again once I see a corrective wave 2 like this:
I want to try this special offer and see how it goes (depending on how it goes i might do that again):
I'll Upvote 100% if you resteem and have 800+ followers
I'll upvote 75% if you resteem and have 600+ followers
I'll Upvote 50% if you resteem and have 300+ followers
I'll Upvote 25% if you resteem and have 100+ followers
I want to give back to everyone who supports my blog, I believe it's a win-win!
Please indicate that you resteemed in the comments.
My upvote is not worth very much yet (100% = 17cents), but it is a guaranteed upvote for you, if you resteem to at least 100 followers. And everyone likes free stuff ;-)
If you think this to be useful information:
DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way i see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Tell me what you think...
Have a nice day :-)