Quiet weekend and bitcoin trading with a bid tone in the asian session. 5560 remains a trigger for higher prices , while 5690 should open the gates towards 6000 mark. Moves are not impulsive just yet so we can still fall into a larger 4th wave consolidation, either way the lookout is for higher to complete larger bullish counts. One thing to notice is the move from 5690 down was in 3 waves and has the looks of a zig zag, which usually calls for a 5 wave move up. If that is the case bitcoin needs to get after it sooner rather then later.
A new video was posted on my you tube channel under "cryptocowboy" where i discuss trade opportunities, how to scan, what are my thoughts when i look for trades and how i trade them.
A new video was posted on my you tube channel under "cryptocowboy" where i discuss trade opportunities, how to scan, what are my thoughts when i look for trades and how i trade them.