BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTC formed a double bottom and broke through the neckline. Fast breakouts occurred, and a double reversal of that retracement should follow.
Keeping in mind this could be wave 5 (in purple). In a larger degree we're in wave 3 (but I didn't draw that one), so it should make sense as this wave 3 is not extended enough. 21 & 100 ema are about the cross as well...
Comment: that was a big sudden sell again, but the follow up didn't happen fast enough... if I draw the start of my thirth at 9890, and move the start of the fib to this level, then 50% retrace almost occured, and the bottom should be in for my wave A, and a lower C to the 50 or 61.8 could still happen to have a last 5th wave up, but this should be a serious one then.. or 9890 was the end of wave 5, but this should not be in line with a higher degree of the end of my 3th wave... so I am not so bullish right now, only if BTC stays in the orange triangle in my next update, this could follow up nicely... also my red support line which goes back in time, stays between the 50 and 61.8 retrace...
Comment: better run probably