BTC - Next week on "Pick your Fib"..... for COINBASE:BTCUSD by BitcoinBearSlayer

trendanalysis chartpattern parallelchannel waveanalysis btc bitcoin btcusd wave fib long retrace

I could be wrong, but it looks to me like BTC may want to cool off a bit before plowing higher. If the top of this channel is not broken then it is very likely we will touch one of the lower Fib numbers. I still have my core long position but I did manage to raise a little cash during all the recent chop. I hope to redeploy it on the long side below $5K around one of these Fib levels.

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I guess I should have said "Pick your Channel and then Pick your Fib" I suppose it all comes down to your point of view based on past activity, current activity, and future expectations.

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Just speculating short term.....

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I've got to hang with it until I no longer can.....

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