BITFINEX:BTCUSD Bitcoin / Dollar
Rebuilding shorts as I think we're headed to doom around 200s, not much commentary to add from previous posts, but as u can see this count is invalidated if we push higher past 240s.
still headed for a bit of 200s action but I think there's a bigger chance the downtrend is FINALLY? over. The spike from the 215 low has retraced too much of the decline from 240s to be a correction, so I think the 5-wave decline from 300 has completed at 215 and now we're consolidating. Am still expecting a flash crash to 200s where I will close my shorts, but the risk is to the upside now mehtinks. I think we consolidate downwards and then shoot up to the meuhnnn(or go tits up and that consol is simply shoulders for a H&S)