Bitcoin: The Ride Is Just Starting - Part 5

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About: Bitcoin USD (BTC-USD)
by: Brian Fletcher
This article is exclusive for subscribers.
Brian Fletcher
Gold & precious metals, hedge fund manager, research analyst, long/short equity
Summary

Bitcoin is in a complex wave ii with multiple ways for investors to approach an entry for extreme upside.

Bitcoin's move up off the December 2018 low was clearly impulsive and therefore offers an added element of additional confidence in going long on a retracement of this move up.

The retrace against the move up can conclude in a number of price points that I will discuss herein.

Beginning exactly a year ago, Seeking Alpha published my first in a series of articles relating to the extreme upside in Bitcoin. In this first article, Bitcoin was at US$6,623 and that we had an