BTC Come on Down.. When the Price is Right

BTC needs to return back to it's traditional channel. I would look to go long at the 2700-3500 range, possibly in the early August timeframe.

There isn't much to hold up the prices here, so I think it will continue to trickle down gradually.

Once we get closer to the bottom line of the channel, I think you will start to see lots of Institutional money start to enter the market, a little bit at a time and quietly. We need to see if it actually holds that channel floor to know if it is still valid market structure.