TradingView
TheKingOfAces
Jul 24, 2018 1:50 PM

Is Bitcoin out of the woods yet? Long

Bitcoin / United States DollarCoinbase

Description

BTC has seen a very nice uptrend here in the last month or so, going up over 2k since its low back in the end of June. We most likely see BTC keep moving up here in the next week or so and potentially touch the $9.2 - $9.4 levels.
But as you can see from this chart, I still see one more drop down to finish the 5th and final wave which should have BTC test the low 5k before we completely have BTC come out of the woods. I would long BTC until the 9.2k levels and then start a short term Short down to the 5ks before Longing again for a potential long term bull run which should give use a test of the ATH sometime be the end of the year.
More