Personal BTC Outlook
Updated
Just wanted to make a placeholder for this structure. I would consider this extremely conservative on both sides. Plenty of room to run in either direction should the volume really start to pick up. I currently have a short position which I'll hold until the previous main support at least but with the low bounce on the previous I'm not going to be surprised if it manages to break through below. I'll update with any new long term positions.
Trade active
Note
The main idea I had for this was after looking at the peak in 2013. I had drawn the blue line prior to ever going forward to today and they clipped some meaningful places spot on so I was using that as a possible weigh in further. If it does follow down to 5700 and does bounce I would expect a double top and a sharp downtrend to enter a longer consolidation period, how far that dip would go depends on a few factors that I'll wait on as they develop.
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