ABC Correction of 78.6% completed. 4hr MACD just crossed, with bull div for added bullishness. Diag DT also about to break through on double bottom attempt. Low-risk trade with stop on break of wedge support
Confluence: Horizontal R, 61.8 on ATH to Apr lows, and 38.2 of fib extension from initial cycle to Apr lows.
1st Target is a safe sell to partial TP at least. RIde the rest up to 2nd target.
Chart staircasing its way up, creating and maintaining new support each time, despite BTC volatility. USD value also steadily holding just below the $4 signals strong buyer support.
Fundamentals at play also strong, with platform launch by end of December.
Will be holding a bag long term into the new year but will be TP'ing and rebuying along the way. First big...
Last call was unfortunately interrupted by an impulsive BTC move past $8k.
Still remain bullish into December with platform launch.. But this is what I'm seeing at the moment. Expecting the trend to break upwards, out of the descending triangle.
