Why:
1. Near term bearish because I expect a delay and/or denial of BTC ETFS next month should push BTC prices lower
2. Heated political climate in the U.S. peaking around the presidential election November of 2019 could coincide with the bottom for BTC + or - a few months
3. Global trade and currency upheaval due to global alliances shifting could drive the USD drastically higher now and into the future
4. Increased global military conflict at any moment
5. 3 & 4 if extreme enough will a cause in a flight to safety by no-coiners into the USD (this would be short lived but painful for BTC)
6. Every BTC parabolic move retraces to the 78.6, even if its a quick wick down
7. We are currently 3x higher than mid July 2017
1. Near term bearish because I expect a delay and/or denial of BTC ETFS next month should push BTC prices lower
2. Heated political climate in the U.S. peaking around the presidential election November of 2019 could coincide with the bottom for BTC + or - a few months
3. Global trade and currency upheaval due to global alliances shifting could drive the USD drastically higher now and into the future
4. Increased global military conflict at any moment
5. 3 & 4 if extreme enough will a cause in a flight to safety by no-coiners into the USD (this would be short lived but painful for BTC)
6. Every BTC parabolic move retraces to the 78.6, even if its a quick wick down
7. We are currently 3x higher than mid July 2017