bshgeo

BTC Daily 3-5 Day Outlook Elliot & Technical Analysis

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC is completing "5 of A" in descending triange looking for a solid bottom. Very likely I believe we bottom in the next 3-5 days followed by a strong advance. I am expecting the end of the bear trend which started last December 17th to conclude shortly as we confirm a second test of the low set Feb 5th at 5873. I am not certain if we move low enought to again test 5873 or not, but the low set will almost surely be the double test of a significant low establishing the bottom ahead of a strong advance which fibonacci indicates will be at least 24,000 and very likely much higher I believe.

Good Luck & Be Happy - We near the end of the downward trend !!!
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