I thought Id take a look at previous trading setups during the Consensus Conference from the years 2015-2017 by looking at their monthly and 3 Month charts. A common denominator I find in all of the setups was the "buy the rumor sell the news scenario" with a follow up to a start of bull run. However during the Consensus 2017 conference we were already in the middle of a bullrun and we still managed to have a good pump from the conference.
"Consensus 2015" I see a pump initiating one week before the start and dumping 3 days after the event followed by less than 2 weeks of consolidation and the beginning of a bull run.
"Consensus 2016" I see a pump initiating 2 weeks before the start of the conference but slowly dumping days before the conference and then pumping again from the 1st day of the conference for the next 5 days before it dumps. Then it consolidates for the next 10 days before the beginning of a bull run.
"Consensus 2017" I see that Bitcoin was already in the middle of a full on bull run however you can see about 700USD of positive price action from May 22-24 during the conference. Bitcoin then dumped the day after for three days and then resumed its bullrun.
Either case wether you are a short or a long and simply based on historical data with the assumption the trend repeats we are all in for a good ride with entry into the next bull run. If you found this post helpful, feel free to join my facebook group: https://www.facebook.com/groups/953232388173897/ None of this is financial advice. This post is only my opinion.