ridethepig | BTC Market Commentary 2019.11.13

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
The last few weeks have not much fun for Crypto bulls, only EOS and NMR emerged relatively unscathed in my space. Now is a good time to update the BTC chart as we finally begin the next impulsive chapter in the sequence.

I am tracking for a 50% move with Libra flop providing the main driver over the coming weeks. Can only continue to recommend trading the clearly defined ranges with modest exposure. The swing we have been tracking since last month:

We can comfortably continue to lean on the long term chart, unhelpful protectionism is a contributing factor that leaves public beta flows weak.

Good luck to all those starting to build more positions in BTC and other Cryptos. Jump into the comments with your charts and views!

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