Short-term BTC run July-Agust

22 Tem 2018

Shall the BTC Rally continue driven by the speculative news of SEC approved ETFs, I expect this area to be the maximum top before profit taking starts taking place. I will close my long position somewhere in this channel, then observe the altcoin market to identify if the market is taking profits and moving them into smaller cap coins that have found a strong bottom- this will result in a temporary altcoin rally/pump, continuing to rally further upwards, or converting profits into FIAT/ short bitcoin.