BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC is making the forecast bounce as expected at present. Look for it to move up and then re-test the low or fall farther to the 5900 level. We will need to watch price and volume as this progresses to determine probable low is in on a re-test or more pain is coming. I added BTC here and set a stop below entry price in event this move up turns more bullish . It is difficult to call exact bottoms and entry here in my opinion with a stop below at 8000 seems a reasonable trade for me. I will adjust my stop accordingly or exit if I see price deterioration prior to the expected top of this move up onto the black 5 as marked. Good luck and keep stops adjusted if you entered here it is more likely more downward price is to follow I believe.
thank you for your analysis! I will be following it!
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