Like the rest of the market, we have been watching and waiting to get a bearing on the new trend. The next major resistance for BTC
is at the 5600-5800 mark. And it is highly plausible that BTC
will stop and catch it’s breath at this point. We don’t expect to see such a significant rally without a retracement. Even the midst of the bubble market in 2017 BTC
regularly retraced 38 - 50% after a major climb.
Those with a high risk tolerance who really want to enter the market can do so at at 4970-5030 (stoploss 4800) and target 5600.
We highly recommend maintaining at least 50% free capital, to buy future pullbacks.