jlantrip
Long

BTC WXY, weakness in the market but an end is in sight

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTC is bouncing but we certainly have to be aware of the weakness via the volume and inability to close over resistance levels. Key test at 7k for this count as can cant break into 1 wave territory on a wave 3. On the downside we have excellent algo target confluence at the 5300 to 5k zone and finally in the 4200 region along with a high volume node that I suspect may be the low for BTC . We will likely have a period of accumulation following this low after a good bounce as the whales load up for a large degree 3 wave that will IMO be quite incredible to be a part of. Not to mention the dollar and central banks are showing weakness, brexit coming soon and the stock market clearly nearing correction time. Will BTC be a beneficiary of a crumbling oligarchy? I think so.

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