Quality Time with the King

So many counts and so many opinions I had to sit back and really meditate on the chart and feel what it was telling me. IF we consider other indicators like the MACD and the STOCH not shown in this chart we have a pretty fair bullish scenario that could play out. That being said. C wave down has some funking looking price action and we could see a double bottom play out around the 6k area or even go as low as 4800 - 3700. All it takes is one more bad news article and fomo selling will come into play

I offer two of the best looking directions in my view. UP or DOWN lol. It's funny how that's really all it is in this game. One thing that always sticks out to me is the simplest answer is usually the best. I am currently bag holding and so I remain bullish overall for the year of 2018 but right now it hurts to be here.

Who knows maybe I'm wrong and we just run sideways in a complex correction in this area until news drives the price in either direction

Please be careful with your trades and good luck


The Grey count is the weird area most people have a difference in opinion on
most probable case scenario IMHO
After seeing the lack of volume near resistance today, I think you nailed it with this: "we could see a double bottom play out around the 6k area or even go as low as 4800 - 3700."

I'm LT bullish on crypto but I don't think we are done with this bear market yet.
+1 回复
qdoc kg3333333
@kg3333333, Agreed
@kg3333333, Thanks for checking out the chart! I completely agree that LT crypto is bullish.
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