As we have inched closer to testing the 2017Q2 rising support trendline from the 4H CEXIO:BTCUSD chart, we need to see if the bulls have what it takes to open the doors to Club Moon. The BTC Yakuza (aka "btc dolphins") may have other ideas. If the Asian (Japan, South Korea, China) bulls can't rally north to the top of the major downtrend channel, then we may see our rocket crash like a SpaceX test launch. Be prepared for the ambulance to rush your account to the financial emergency room as the Yakuza are likely to slice enthusiasm past the 38.2% fib.
This week promises to be yet another fun ride. So buckle in and keep your arms and legs inside the rocket at all times.
Good luck trading!
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