A BTC breakout or bull trap? @ CrappyTrader Notes #2

It’s a breakout and we are going up!

Well, the volume looked quite good and the breakout was accompanied by the counting that assumed that we are over correction (August drop to 30kUSD) and a first motive wave is unfolding.

Ups, it’s a bull trap and we’re going to dive

Well, we need to hold at least two scenarios in head. Just in case the market moves unexpectedly in the opposite direction.

Summary

This is very interesting moment. In a following weeks the price and wave structure should become more clear. Wish you being on the proper side of market at this time.

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Yenten Observer

Yenten Observer

Cryptocurrency freak. Freedom, ecology and free market above all.