tradedevil

Bull hangs on by the short hairs...

Long
BITSTAMP:BTCUSD   Bitcoin
18
The 5-wave count is still technically valid as we came very close but did not breach the wave-1 high... While this is not the prettiest count I've ever seen. It's definitely trade-able. Reasonable risk reward with a stop just below the wave-4 low. It could run. I like it. Risk reward to the upper targets of 5-to-1 but there's going to need to be a big push at that wall of resistance. Oscillator may offer some clues along the way. First hurdle is the to break above the zero line. I'm in but with a smaller position than usual. There will be places to add if we see a clear 5 wave structure in this 5th wave.

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