FINALLY FEEL COMOFORTABLE CALLING THIS BOTTOM IN PLACE. WITH A DECENT RALLY AT HAND
SEE CHARTS FOR ENTRIES AND EXITS
SEE CHARTS FOR ENTRIES AND EXITS
Komen:
BTC CLARITY IS BACK! After briefly breaking down below the channel I had to wait for several pieces of confirmation before I felt what we had indeed made a solid bottom that would hold. I had my doubts, but now I do not. Today's increase in price past 9062 was just such a confirmation. We also broke past the 37.50 % retracement from the last leg down. Which is the lower line on the small yellow box. As well as the clear bullish break outs and no longer over lapping pattern all point to healthy bull wave. That being said, the market needs a pull back, the second charts shows this possibility for a market entry. Next highs project to be $10,800, next lows or dips will be down to current prices near $9000, and ultimate wave highs near $14,700.