Traders,
You can see from my portfolio allotment that I am largely bullish right now. The big pump from Bitcoin yesterday broke us out and above that bullish descending wedge, above our multi-year trend line, and into bullish territory again. Previously, I stated that Bitcoin had two most probable options for price to travel. I outlined those pathways with green arrows. Yesterday, we received our answer. Our path will be the top green arrow.
So, the coin I picked for a long entry now. You can see from the chart below that we are forming a very bullish inverse head and shoulders pattern the target of which is near twice our entry price here. Additionally, the awesome oscillator has gone above zero and is bullish. And we have good support in terms of volume below us.
This is an easy trade with a rrr of 5/1. Here’s the coin…
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