WhaleTank
Long

Bulls are taking over, huge selloff coming at $9600

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
With parabolic grow it's terribly hard predicting the top, but after analyzing the last bear market of 2015, we believe to have made some new discovery's that could work out perfectly.
In the chart we made for you, now that both $5800 & $6600 crucial resistances have been easily broken, we are supposed to be inside a new bull market, with a few bumps on the first steps, our first target is right now is $9400-9600, that's where our current bullish momentum should end, resulting with a violent pullback into $5800 renewed support.
Following by a new bullish phase that should take us all the way into $14,000.
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