ZenTradesRW

Shakeout Before the Breakout

Long
COINBASE:BTCUSD   Bitcoin
Bitcoin broke the downtrend without looking back on heavy volume. For the next few months, think it's best to simply hold through the momentum as their will be shakeouts that will make it difficult to trade. The shakeouts will reset the momentum indicators like RSI.

Thinking three legs up before a more meaningful correction and chop. The second and third legs will likely see big moves in altcoins as the market becomes more "risk on"
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