BTC - Decision time
Updated
Bullish Case:
- Leveraged longs are closing but price is rising
- CME news is bullish
- The whole crypto market is in an ascending triangle and is bullish
- Capital flow from alts into BTC for 2x
- TD sequential monthly and weekly indicator suggests more upside
- Targets would be 7k and upward after a retest
Bearish Case
- Touched rising wedge resistance
- Longs are exposed and whales will go hunting
- TD sequential is on an 8 on the 4 hour at the top of the trend.. 9 says take profits and you can see this has bene important in this trend
- I would expect the coins to be bought back cheaper before the hard fork.
- We are overdue a biggest pull back in the market but it will probably come after 2x.. or not at all!
I am currently 100% in cash waiting to see what happens next.. sometimes the best trade is no trade until we have clear confluence!
Ill try to keep you updated as things develop.
Phil
- Leveraged longs are closing but price is rising
- CME news is bullish
- The whole crypto market is in an ascending triangle and is bullish
- Capital flow from alts into BTC for 2x
- TD sequential monthly and weekly indicator suggests more upside
- Targets would be 7k and upward after a retest
Bearish Case
- Touched rising wedge resistance
- Longs are exposed and whales will go hunting
- TD sequential is on an 8 on the 4 hour at the top of the trend.. 9 says take profits and you can see this has bene important in this trend
- I would expect the coins to be bought back cheaper before the hard fork.
- We are overdue a biggest pull back in the market but it will probably come after 2x.. or not at all!
I am currently 100% in cash waiting to see what happens next.. sometimes the best trade is no trade until we have clear confluence!
Ill try to keep you updated as things develop.
Phil
Note
This is crazy guys - congrats! Note
Touched long term pitchform but stilll looks hungryNote
more evidence for 8kNote
Get back in that wedge before one last dump lolNote
Possible bottom formation 
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