BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Yet again BTC is trying to make a wave 3 in an elliot wave formation. Impulsive 1st wave and holding a 2nd wave retrace right now.
the Elliot wave is mapped out here and the same resistance/profit areas are mapped again. We are still in a lower high trend and we can't even think about 'BTC BEING BACK' until we manger to break and hold $6850 on a higher time frame.
The same money is coming in and out for now and i am only accumulating btc sub $6000.
If we break $7200 i will sell here my spot coins and rebuy.
I still feel we we will see sub $5800 ib the coming month or so. Game of patience for now.


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