RocketMode

BTC After 0.382 retracement, where to go?

做多
BITMEX:XBTUSD.P   Bitcoin
Hello guys, it has been some time for a real analysis. Too busy these days because of Christmas, etc. Happy Christmas to you all!
A clear up trend has been formed, but most of "noobie" traders are still very bearish.
I am bullish at the moment, the trend shows us a high potential to push through the up channel and hit the 4400 resistance. After that the positive side is we go back to 3400-3600 level and make a nice head shoulder bottom like i have mentioned a week ago.
Everything happened according to the plan.
The big picture here is that we are in forming a reversal pattern right now, i won't fight against the trend, which means to short, UNLESS we hit 4400 and got rejected.
Keep Safe, we will make a lot more in 2019.

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