180701 go up toward bungee jump point

If we can go one more wave up, it cannot break down below $7,550



That means bulls (especially whales) had to defend current low $7,664 (which is 0.705 fib level)




As I told you before, I think $8,660 will be final top of this uptrend from $5,880

In conclusion, this is very good spot to put some long, cuz risk/reward ratio is pretty good
Personally I am now on long position at $7,635(xbtusd)


If you think we are already in wave 5 to the bottom, you could get into below $7,550 and take small profit