AlphonsoElliottJr.

September 5th?? Breakout Time?

Short
BITFINEX:BTCUSD   Bitcoin
We have at least 7 hours left in this day candle and I have to give the bull a round of applause for holding up this trend with a lowercase "t" haha. The MAMA Bear is still in effect just taking a break drinking a RED BULL lol. She is about to head south fast really soon. The Bitcoin market is definitely stalling for that date. But currently the second hidden trend gem is holding the bull up and may be heading for $7500 which is also a .618 retracement on the daily chart. I am still bearish at 7250 anticipating a heavy move below $5000. Ultimate target $1100 a Bitcoin. Medium target: $2500.
Comment:

What will happen next?

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