BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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This paints a target of 5k. Which has been a long term target for me since earlier in the year. While we hit the upper levels recently, I see us hitting 5k and probably breaking under it at some point during this bear trend.

Obviously this could easily be invalidated after such a large downward move, btc is being thrown around by big boys with deep wallets and low liquidity. Despite this, btc is still recovering form a bubble so fundamentally and technically I remain bearish until the end of the year at least even if these steep sell offs are appealing to buy into for bounces.
Trade closed: target reached: Carnage.

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