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Short

BTC - complete 5 bear wave before breaking out of trendline

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The 5th wave should retest the long run support (green line) breached by the 3rd wave.

March bear, April bull.
Comment: First target reached at the yellow support line. I strongly expect the price to go lower into lower 7000s (even high 6000s), but now would be good place to set stops / take some profit.
Comment: White support line* not yellow in the previous comment.
Comment: Maintain short. Have not seen a capitulation in prices or retest of the lows yet. The white support moving average has been breached.
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