BTC just finished an elliott 5 impulse wave cycle and looks to be starting its 3 correction wave cycle. I would excercise caution trading BTC during this time as well as alts. Market looks to be entering a bearish cycle. Ealier this year BTC had completed a 5 impulse wave cycle followed by about a month bearish trend and finally completed the 3 correction wave cycle on July 16 thus beginning a new cycle.