Bonavest
Short

Next Big Move Down Incoming for Bitcoin

BITFINEX:BTCUSD   Bitcoin / Dollar
Based on other Active TV 'chart-ee-sts' that follow the Elliot Waves, I follow the belief we are headed for another leg down to the $200-$220 levels.

Timing for this move are outlined above using Moving Averages behavior and Fib Time Lines.

*NOTE: Ignore the BLUE UP arrow at the bottom of the chart. ;)
Well right on time we got a bit of a jump on the 4Hour candle. Let's see where we go. I would expect up to $245 area and hitting the Ichi-Cloud resistance.
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I agree...
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