themarketzone

Reached 6000$ and completed the bearish AB=CD

Short
BITSTAMP:BTCUSD   Bitcoin
In my last analysis I explained why I think Bitcoin is heading to 6000$

The pattern that I was expecting to be completed is now complete.
6000-6300$ is the PRZ
Comment:
BTCUSD down from the PRZ... still holds above the Fast MA line (support)
Comment:
Fast MA line drives BTCUSD above the PRZ.
Waiting to see the weekly close that will tell if the pattern will be violated or not

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