CFcryptoTA

BTC is showing strength

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BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC has started to show some sign s of strength with this consolidation above the 21500 resistance. It has now formed a bull pennant (half mast formation). As you can see I laid out the EW analysis and I am now expecting the possible start of the new bull run. We are in the first wave of the first wave of primary degree. A perfect spot to enter for my strategy. There is always the risk of failure as the FOMC meeting is set for the 27. However we haven't seen this kind of set up for a long time. The invalidation point is a break below the 19 k level.
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