Short term bear, bull, bear - till end of August

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
650 2 8
Wanted to post some thoughts on what could happen over the coming weeks on Stamp... I think we could be seeing the creation of a larger continuation triangle with targets in 756 area. This would complete wave 5 and be the end of this cycle as predicted by DanV.
I think leg D may have been formed here already, in which case we may be completing leg E now...
Reconsidering this chart... it could go much deeper given the rising ADX and bear pressure.... watch out below if we break 540 folks
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