Bitcoin update = Neo, Red Pill or Green Pill? 08.13

Hey guys 1PERCENT here,

Bitcoin and alts are rising viciously and the market is showing a lot of positive signs.

It seemed like Bitcoin wanted to go through some correction yesterday but the break of the monday mid range turned out to be a deviation and bitcoin came back to the range high.

If you don't have a position right now it is best to wait for an important level to break.

1. Bitcoin breaks $47201 and retests, then long to the next resistance ($51570).

2. Bitcoin rejects the range high to form a triple top. Short till the range mid then the range low

Since July the 20th Bitcoin showed a gain of 60% and many altcoins showed 100%+ gains. It's time to stay cautious since we are at a major resistance after a substantial run.

Liquidity is low during the weekends which means there's more volatiliry. Please do be careful out there with proper risk management.

Have a great weekend!

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