(+) Bitcoin Recommendation May 4th

Bitcoin: Long-term Buy (Update)

Bitcoin, 4-Hour Chart Analysis

The main cryptocurrency had stunning two weeks as it broke out to new all-time highs and surged past the $1500 level as well in a matter of days. The advance successfully changed angles to enter a parabolic trend, and that might give a good opportunity for those traders who followed our long-term recommendation to cash-in their positions.

The short-term top could still be further down the road for BTC, but a tight trailing stop-loss could protect traders from participating in a steep correction, with good re-entry points likely to emerge in the coming weeks.