Simple_Renko

Respect this trend, but do so with some caution.

Long
COINBASE:BTCUSD   Bitcoin
I want to respect the trend that is intact, but I don't want to become blinded by the hype. BTC is looking very strong, but let's not lose sight of the fact that BTC futures are opening up later in December. With BTC futures trading come some very big Wall St. players who are *trained* to sniff-out and sell bubbles. Also, with Wall St. in the BTC game, come regulators. BTC is a *de-centralized* digital currency, so it is my strong opinion that the original BTC market will *not* like this new presence with regulation. Yes, Wall St. will bring plenty of liquidity which has many benefits, however, with the ability to now short BTC, Wall St. will be licking their chops.

Could the price continue to soar? Absolutely. Let's respect the trend and be its friend. However, until we see what Wall Street's presence will bring, please use caution when trading this currency. Be well and make some money, will ya?!

; )

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