BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bear Porn. It speaks for itself. Very possible at this point IMO .

Follows the famous Market Cycle "cheat sheet".

Be wary of Bull Traps, of which there will be many. Use stop losses always if you are buying dips.

Good Luck!

Comment: Possible count so far. This current bounce seems corrective to me, so it makes sense that it would be a wave 4 from a larger 3 wave. We'll have to see if it plays out in this manner. If we break 7700 this count is most likely invalid.
Comment: Still continuing on this larger wave 3. Sub wave 5 in progress. Target is around 5k.

If we somehow break 7500, this count is invalid.

Comment: Cautiously optimistic on BTC. I just don't like the Hidden bearish divergence on the daily and 3 day charts. I'll be happier once we break this trendline over 9800
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