Bitcoin Stick Save... Or Premature Big O ???

2 Sep 2017

Here's the bullish scenario. If this pivot and range of $4,440 - 4477 holds as wave-4... then we can start the climb towards $5,400. If it breaks, we could go to $3,400 for a 50% of the entire impulse wave. There's a trade here that has a nice 4.5-to-1 risk-reward. I'm taking it as I find the structure in the 5th to be lacking. I don't think it finished. And I just don't think Bitcoin is the type of market to "pop" early. Too much a raging bull to not let us finish together... Of course, I could be taking this little innuendo too far so don't trade without protection. Put a Stop on it!