IkanBilisCapital

Presenting alpha... EWT

Long
KRAKEN:EWTUSD   EWT
BItcoin recently see a break of trend to move towards the upside? It needs to break 63K with conviction before the we're out of the woods otherwise price will continue to random walk but we're long term bullish on crypto. EWT is a project that have links with major institutions in the energy space and their Github repository suggests that a potential integration with Coinbase is up coming.

BULL CASE
If price breaks out of the channel and holds it as support, we will ride it all the way to $40.

BEAR CASE
If BTC dumps, we will see holds dump even harder along with it, if this happens, we will accumulate heavily as price move towards the bottom of the channel

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