“Accelerating down the hill”
The current “Consensus 2018” in New York with well-prepared speeches, coffee breaks and hands shaking is a good relaxing event for people in the world of “crypto nerves”. However, at round tables “everybody is looking for something” exactly like “Eurythmics” sang: “Some of them want to use you, some of them want to get used by you…” Strange as it may seem at first look but the very creative mood of such “Consensus” participants is nowadays used by a «non-participant» – Market – and very often not for so positive purposes.
Getting down to “our bulls” I hope, my Dear followers, you have done your homework and found all the crypto charts rising wedges to realize that it is in fact «no use kicking against fate». Please check your notepad scribbles – your mark is “excellent” if in April & May you have discovered 5 bull traps 4 of which were the wedge formations consequences. They are all marked with “green-gray ovals” in the 2 charts that I kindly provide you with, including the 14th of May retracement channel false break that caused the fifth trap.
We’ve got all the 3 points needed on the upper side of a newly created descending channel “welcoming the BTC price to its vast space”, both Fibonacci retracements necessary for further price “accelerating down the hill” towards intermediate 7K target and certainly each bullish weakness will be of our attention at any moment as well.
“Consensus 2018” can announce the doors closure, you and I are grateful to nice people gathering perhaps in a fantastic atmosphere. They have definitely “made our days” by presenting us with the sophisticated traps on buyers’ expectations of the event and especially plenty of their applause to the participants on Day 1. The market reality has shattered their hopes and illusions unfortunately.
Maybe choose your homework yourselves, Dear Friends. To be honest making profit with a glass of wine fails to tune me to any tasks to you today. My graphs are at your disposal.