I expect a rejection in a near term of a resistance maybe 7.2 or lower
Bitcoin is gonna fall slowly until Septembre, a potential panic could occur and give a wick to 3K with a brutal V bottom.
Btc should retest longterm TL in white.
The exit dump with a vertical run up should be a signal for important back, that could push investors to buy, with the idea that btc bottomed and potentiel huge profits to make.
A lot of instutionals are ready to jump but imo they expects more dump to enter or needs time to prepare the entry (etfs, laws,...)
So i think there is an interesting swing to do.
Starting to short in a near term a rejection that will occur, to the final bottom (enjoy holidays)
Waiting a brutal crash and starting to go long between 4.7 and 3k until new ATH ( 30K) and take profit
BULL SIGNALS TO WATCH:
( see the stdev, we bottomed, but it can take time before comes back, investors wont enter without , useless to bet money on something that doesnt move)
Fresh money ( Funds, Etfs)
Lightening ( a possible dump could happen, because it will decrease income of miners for a short period )
Coinabse Custody and others SACHS, NYSE
Mt Gox Sells Q1 2019