The outlook on Bitcoin and all the altcoins are really positive, but according to Elliotwave, we need to be cautious right now. There a tiny chance, at least, that we see 5 wave down in BTC, if price fail to maintain a Daily Close above 64895.22 (last high) in order to finish a Correction pattern (i.e. ABC correction pattern).
So according to what Elliot says about how waves works, we better act as follow:
1 - If you do not have BTC yet, wait a little more to see at least a daily close above 64895.22 before you enter this market.
2 - If you have BTC, just be cautious. This is a dangerous area. Act according to your own trading plan.
I'll answer to your questions in the comment section. Remember, patients pays in this market.