BITCOIN PRIMARY & WEEKLY CYCLES
In the SHORT TERM, if you subscribe to this theory, then we need to be BUYING the DIPS.
I'm hoping there will be dips and not a PARABOLIC move to 15012.
Short term Support resides around the JUNE 50% level. (Previous Post)
We've seen the Yearly 50% level resist price at $8050, retested the JUNE 50% level, found support and moved back above the Yearly 50% level. That price action was the perfect set-up to get back into the trend.
There's still a bit of risk that it might stall around these June highs @ 9600-9900 and move back below the Yearly 50% level, but there's enough risk reward for a move toward $15,000 in 2019 and much higher in the coming years.
There are a lot of other coins that are lagging in Price action compared to BITCOIN, but at long as BITCOIN goes higher, holding other coins is a no-brainer.
NOTE:- if we subscribe that is going to move higher for the next 4 years, BUY BITCOIN around the 3-month lows and hold, as it will eventually retest it, but you'll only get 1 or 2 chances during this time.