I dont believe in this rally I think it is fake or an artificial pre pump that was triggered by that 100M order... I believe we have to retrace, could be as low as 4600 but roughly 5k would suffice. One more break upwards to trap more bulls would be in style...
NMR is testing support and could be a great buy in right here. Stop with the close under the support line, buy right here or with the break of the previous high. I have been lucky to buy it at 55k and sold at 130k and I am buying it again now at 90k.
This is my long term view that I would like to play out for BTC.
Option B most likely in my opinion but C could play out as well depending on the reaction on halving milestone.
I wIll update from time to time, but for now I am holding spot and adding to position between $1800-2500. Either way there could be a long year of ranging before us.
Chart is invalidated...
BTC 2014 vs ETH 2017 bubble.
Even though I dont believe in ETH there are many "HYPERWAVE" type bubbles. This is one possible example. 128USD range could be a great accumulation for those that believe in it. USD prices are very similar to that of 2014 BTC.