If history were to repeat....

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
846 1
BTC looks to be in consolidation mode. Personally I feel if were we to have another meaningful leg down it would have happened already.

A tonne of institutional grade infrastructure coming in, showing the demand is there. Feels more like a case of when rather than if.

Expect this range to continue until July19, although the sell off was 2x faster than 2014. If a recovery acts similarly, we'll be out this range by the end of 2018 (to the day actually).

I'm accumulating BTC but with a risk off approach. No big plays just yet.
Nice, thanx :)
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