BTC Fractals and Crypto Winter 20190725

In this video I go over the big picture technicals of BTC price.

After being in crypto winter for so long, I know it is tempting to think everything is better now. But we are not in crypto summer. We are just in the first spring thaw.

The global uptrend is still fine, but I expect to see a short-term head and shoulders pattern form on the daily chart and then a drop down to the 7,000-8,000 range.

If you are like me and believe in the future of crypto as a revolution in money, this is nothing to be concerned about. If you are a short term trader, I'd be very careful with your longs.