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Bitcoin
Long

BUY BTC

By Jayreckless
I'm re-entering this trade with the conviction that BTC still has one more high to make due to the fact we still haven't fully extended to the 4.236 retracement. I see two possible outcomes in this scenario. BTC bottoms around 56k-54k and retraces back to the upside or BTC breaks and closes under 53k which IMO would be the end of the BTC bull run (not likely but possible). I'm predicting BTC will set one more high/top bringing altcoins with it. We still haven't had a truly euphoric alt season and from previous bull runs, all-season tends to happen when BTC is topping. https://www.tradingview.com/chart/uweGGqqs/?symbol=BITSTAMP%3ABTCUSD
Trend Analysis
Jayreckless
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