YoYoing on BTC: an immediate term very bullish resolution

22 Jan 2018

I love trading because the markets are the one true dynamic, ever changing, puzzle. As they change, so must we. I'm offer another perspective that will have a very immediate bullish resolution if it is correct. This wave count shows a leading diagonal for minor wave 1 of intermediate wave (1) of primary wave three. The pullback ended, then a 5 wave leading diagonal formed the first leg of BTC's next bullish run. Leading diagonal's are characterized by very deep 2nd wave pullbacks generally around 78.6% such as we've witnessed thus far. Once the pullback is complete, then a very impulsive minor wave 3 should shoot upward leaving no doubt that the pullback is over. I'm now in cash awaiting BTC's next move, but ready to go long should it follow this course.