JimFred
Long

5th arc about to be hit from 2014 high

KRAKEN:XBTUSD   XBTUSD
218 0 10
This is a 8 hr             chart with bear setup from the 2014 high. As you can see we are ~ 1 week from hitting the 5th arc. The5th arc USUALLY puts an end to a setup. In this case though, note that the triangle from the 2015 high is almost impossible to compress further. It will break out one way or the other SOON.

Given the 5th arc's proximity, my guess is that the break will be up.
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