It will have to decide. Was it a correction ABC or ABCDE correction.
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Expertly denied by the previous uptrend line. I suspect testing of the lower green cloud before continuation towards ATH.
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For now everything according to plan.
การซื้อขายยังคงดำเนินอยู่
Today India decided BTC is official legal, pushed it to next trend line.
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Bounced right of the channel.
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If purple channel fails I would be able to say that we are out of bull trend.
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My blue line held. If breaks, channel line next.
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This triangle is make it or brake it. Technically price action reminds of a typical 4th wave, which means we are still to see new highs. Fundamentally, BTC should top out at the end of next month.
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I would say bull has 66% chance and bear 33% chance. Big vertical red line is SegWit activation. Big risk where you should be out of long positions.
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Have my long in since (E). Lots of stop losses from bears on 2595. If we break 2600 we go moon.
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Closed long yesterday when it was obvious that we were in a bull trap.