is nearing the completion of another pennant
formation. Furthermore, prices are bouncing off of the 50-day moving average, while continuuing well above the 200-day moving average. Looking at Fib retracement since inception until recent high, BTCUSD
has tested both 50% and 38%. One can also envision the existence of the ABC
corrective waves following completion of the ATH
Wave 5. This powerful combination of factors may be setting up a new base for BTCUSD
to make another upward run. I will continue mostly to stay long, but selling a few bits along the way to lock in profits in case I'm wrong.