Ive been looking for a bottom at 
73K-72k for some time. We saw $74,400 and I'm not sure that was THE low. And now we have begun what looks like a false break out. The price is good, but the wave structure is all wrong. In this would be strong counter wave rally we could see prices to around $98,400. Its time to close the shorts, and open the longs but stay very vigilant as this is not another bull leg that leads to a new high. ( In my opinion) It is a decent opportunity to make some money on the long side, but at the end of this rally, I would be opening shorts again. Ill keep posting as developments occur. Prices above $87,600 are very bullish.
73K-72k for some time. We saw $74,400 and I'm not sure that was THE low. And now we have begun what looks like a false break out. The price is good, but the wave structure is all wrong. In this would be strong counter wave rally we could see prices to around $98,400. Its time to close the shorts, and open the longs but stay very vigilant as this is not another bull leg that leads to a new high. ( In my opinion) It is a decent opportunity to make some money on the long side, but at the end of this rally, I would be opening shorts again. Ill keep posting as developments occur. Prices above $87,600 are very bullish. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.