◘ Bulls formed a +12% break out above the wedge trading range and July high
◘ Today also closed the Bear gap from the June 9th sell off
◘ Today closed above it's mid point at the bottom of the broad Bear channel
◘ Today was the last day of the week closing as the 4th Bull bar in a row
◘ The next few days may determine a Bull strategy for a channel or scalp into a trading range
◘ Bears may look to scalp 5 to 10% from the August High or Today's close
◘ Bull scalpers may look for a bounce from a pullback inside the Bull channel
◘ Swing Bulls that took partial profits may look for a 3 to 4x move up to 0.12 over August
Do Bulls continue upward closing the sell gap over August?
Are Bears positioned high enough for a swing short?
Will the market pull back 50% of the June to August spread holding the trading range?
What are your thoughts?
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by Digital Currency World News, dcworldnews.com