SO my last trade worked out perfectly, we hit my blue box and immediately saw a reaction. There was a lot of confluence around 12300, top of the 2 channels and overall .618. I really like how this looks from an EW perspective and gives me strong confidence that we retrace for a couple days as a wave 4. The question is.... how far down do we go ? From a PA...
I like how things look, after that double bottom at 9100 the bulls seem to be back in control, the green meme channel held nicely and we are on our way up to test the top of not only the green channel but the blue one as well, this also coincides with the .618. I am long from 9700 and feeling pretty comfortabkle.
"Alt Season" which we keep hearing about and seeing everywhere yet we keep getting skunked on any glimpse of it. That time will come imo, but not right now. We will see mini alt rally but it will mainly be because BTC USD carries ALT USD up with it. Its like a ship in a high tide, all the alts will follow btc as it rises but btc will outperform. I see us going up...
